Latest posts of: justdimin

Quote from: Iroh on May 19, 2023, 01:37:44 PM

I think the saying should be “the more money you spend in trying to make more money, the more money you get in return”. You can’t spend money on frivolous activities and hope to get some more money in return. It’s absurd.
There’s a phrase I know which is “making your money work for you”. This entails having some good and viable investments and perhaps some sort of business that would actually bring in profits for you after you must have sunk some good money into it. You’ve got to spend some money to make more money and I don’t mean buying things you would have no need for later on.

That's true, you need to spend money to make money and a lot of people are refraining from that and the result will never be good if they keep doing that. I get that it is not going to be easy, but at the end of the day if you do not risk something, then you are not going to get anything at all.

I managed to do something before once in my life, it was a good project and I risked it and grew the business and I basically made break even, maybe like a tiny bit more like couple hundred dollars to be fair, but that's about it. On the other hand, when we are talking about someone who doesn't risk anything and try to do it all for free, it's not going to work and the result will not be that good and you can't really do much that way, it just doesn't make sense.

Quote from: Fiatless on May 19, 2023, 01:11:59 PM

Everybody or institution is entitled to their own opinion. People are free to see things differently based on their experiences and views. They are seeing the crypto sector through the lens of the current abuse of crypto coin creation and investment. Even as we speak now hundreds of shitcoins is been created. These developers are flooding the market with worthless coins that crumble in no time.

Some people see the sector as a get-quick-rich avenue. These people have turned the crypto space into a casino. They buy various risky shitcoins intending to sell them off in a few days and make instant profit.

But we shouldn't also forget that anti-crypto forces will keep on giving the sector a bad name to discourage people from abandoning the failing banks.

Isn't it unfortunate that it is allowed to be like that? I mean I get the coins that have no ownership, no dev at the top, not looking for the team to do something, that is how it used to be. Today? We fund a team to build us a good project that can get us rich, basically a ponzi scheme and nothing more, if that team doesn't make the project go well, then we are not going to see anything do better at all. This isn't really the way to go, we should be able to actually see it move further and do better as well.

I understand that people are at a level where it is going to be a trouble, but we just need to handle it a lot better in the end, it should be a lot easier to figure out. All in all we are at a level where it is going to cause us to see it differently one day.

Quote from: Sheepmemecoin on May 14, 2023, 09:02:14 PM

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Ultimate meme coin huh or do you mean the scummiest of all the scum meme coins. If there is an ultimate meme coin, that will only be dogecoin because it is like the bitcoin in the meme coin world. It is first, it has the highest value and the most popular but unlike bitcoin, dogecoin only has an unlimited amount of supply but in fairness I like the concept of this meme coin you shared here.

I love creating memes and it's great if I can earn out of this hobby but there is still a problem here and that is, if this meme coin will be listed soon ( on a better exchanger ) and if its value will increase greatly. If yes then many people are going to be attracted with it.

Quote from: cryptoaddictchie on May 18, 2023, 11:40:48 AM

Quote from: adaseb on May 18, 2023, 03:35:37 AM

I think the meme hype is over. Fees are lower and don’t see these meme tokens hitting ATH anytime soon.

Fairly it go down. But Im sure once another meme coins show up and disturb again the network there would be another cause of high usage. Memecoin are will always be present sometime it become a dull moment cause not all meme are gonna do what shib, pepe, wojak, and any other shitcoins out there are doing in terms of performance. Mostly died out after few days, weeks and months.

This is the game of meme coins, they will rise and fall. After some time another cycle will happen again but for now or later on, we might see a crypto bull run first before any other trends in the market. Most meme coins have no use other than for pumping and dumping, so saying that they have a high usage seems weird.

Meme coins bring fun in a dull market. It kills the boredom for a while when we are seem to be stuck in a rut and are waiting for another major event. You shouldn't mix SHIB with pepe and the other meme coin because they are not on the level of SHIB. SHIB is still here and have some demand with or without the meme hype, but I doubt if others will still be there after some time.

Quote from: Pamadar on May 18, 2023, 02:50:02 PM

Quote from: Hypnosis00 on May 18, 2023, 01:37:01 PM

Does everyone is reading what you have posted in the forum or does everyone hear from you? Unfortunately, not all, and even though some people read it, still commit mistakes by investing useless coins due to the influence of social media and some known personalities. I would say that no matter what we do, things like this will happen to someone else, especially for greedy people as it was hard for them to think twice. They can make decisions right away without thinking about the possible risk and losses that awaits them. And yes, it really happens...

Absolutely, even there is a lot of information regarding to this, not everyone will follow.

We will continue to see people who will be lazy and will still follow this kind of attitude towards this investment, thinking that by one luck
they will change their life forever, same concept with gambling. They are thinking that if they will invest with new project and that project will pump hard, then the money will multiply to the value that beyond their imaginations.

I feel like it could be a lazy method to just buy and hold for a long time as well and yet not many people think about that. Just put like 10% of your income every time you get your salary into bitcoin for 10-20 years and you will end up rich, I am not even kidding that is the only and the best way to get rich and it will make you rich without a doubt as well. And yet when we look at the situation there are so many people who think that it will not make them rich and they need to get rich so much quicker.

There are people who trust the influencers online and invest accordingly more than they trust the long term approach. I realized this would make me richer a lot earlier and it has turned my life to an amazing place for 2 bull runs in a row now.

Quote from: Dickiy on May 16, 2023, 08:15:15 AM

there are many ways to introduce Bitcoin to children, so there is no other reason for us not to introduce it from an early age. The first and the best Bitcoin educational cartoon I've ever watched.

The full episode and more for free at: https://www.Angel.com/TuttleYouTube

I think the aim is also a bit about the kids too, everyone talked about adults but kids are a big part of our future in the crypto world. There are a lot of adults who grew up during non-crypto era and they may not be favoring that, most of us did too, but kids who are 20 years old and put their money into crypto may also have a situation where they grew up with bitcoin, and the next generation will come too.

Many want to be rich today, but if you look at the past and the future, you will see that it is almost been 15 years since it all started, in another 15 years all the kids that are 5 years old today will be 20 years, and all the 20 year olds will be 35 years old. So we need to aim at the kids and make them understand how this is much better to guarantee our future as well.

Quote from: _act_ on May 17, 2023, 02:04:02 PM

One thing to learn from is that they stated that they are putting their bitcoin holding into a self-custody wallet. As a person or organization, there is nothing better than to have your keys and your coins than to depend. This means a lot to me and to people that prefer self-custody.

Tether has $1.5 billion in bitcoin. That is 2% of their total reserves. 85% of their total reserves is in cash, cash equivalents and other short-term deposits, primarily treasure bills.

https://cointelegraph.com/news/tether-to-buy-bitcoin-based-on-monthly-net-profits

Bitcoin will be a coin that people and organizations will depend on. More organizations will see that bitcoin offers value more than fiat, but they need to understand why, when and how.

I personally feel like the best thing to do at this moment is to make sure that there is absolutely nothing wrong or shady going on in their books. If they are fine with getting audited constantly then I would be fine with them doing whatever with their money. If it shows that they are doing nothing wrong then there is nothing wrong, if they are doing anything wrong then we are going to see that and that's the important thing.

I personally do not trust any stable currency as long as the company rejects the idea of getting audited by a good company and that would require it to be a lot more expensive if you keep getting that done constantly. Maybe not every month, but it has to be frequent so that we as investors would see that. We are giving them our hard earned money after all.

Quote from: tjtonmoy on May 18, 2023, 11:04:53 AM

It's good to see that the community is growing at this speed. I used to think that price drops are bad things. But as I have learned in the past 2 bear markets, it's an opportunity. Many new will join and others will fill their bags in this bear markets. This is quite an achievement for Bitcoin community. And I think it is worth of celebrating. We still have a long way to go in order to reach global acceptance of Bitcoin. This achievement really shows us that we are going in the right direction. I think we won't have to wait that much as we have predicted.

I understand that it is not going to be easy to handle this because it takes a long time for people to have this many people and reaching these levels are great because many people thought that we are not going to be growing. Some people may look at today and think that this was inevitable, but I remember clearly that 10 years ago people would use to say we would not even have a million people interested in it let alone have 1 bitcoin on their wallets.

I think it is important to remember that there are only 21 million bitcoins, or there will be, so at the very maximum we are going to see 21 million people have this, and we are already at 1 million mark, it is going to eventually cause the price to spike insanely high when the time comes.

Quote from: Yaunfitda on May 17, 2023, 07:36:42 PM

Quote from: Kara3 on May 16, 2023, 10:05:23 PM

- poor risk management: your risk management will not be put to good use because you are desperate, you want to meet up and that will be when time will be working against you, so please fellow traders stop trading under pressure,
I don't know if anyone have more to add?

It really boils down to experience though and again, your psychology, what I mean is that you should be positive of all your trades. I know that you can't win all of them, but still don't be negative and right everything down so that you can go back and see where you make the mistakes and then improve and developed your own strategy.

It could be on how to make more money or can be on a different matter. No matter how prepared we are, pressure or stress can still come but we shouldn't worry because it will wear off later on. We must still try our best to continue doing our designated tasks. If we have an experience, we already know how to deal on certain things.

We know that the market is volatile and there are different conditions that affects it. If you are a solo individual, it might be okay to earn less but if not, you shouldn't be doing trading alone so that you won't pressure your self anymore to trade hard only to get your quota or target profit.

Quote from: Texac on May 17, 2023, 05:00:03 AM

the advice could not be worse because trading is not for everyone, do you see how many people have succeeded and become wealthy through trading, especially newbies? currently, the economic situation is precarious, making money with traditional occupations faces many difficulties, but that does not mean that we give up our traditional jobs and go to trade. That's really bad advice, and if someone is going to do it, it's a stupid idea. by the way, have you become rich by trading? I will be glad if you can provide proof.

Could not be or could be? Because you said not all can do trading but that is if we are only talking about trading but the title says online so it is not only limited in trading because there are so many ways to earn money online but since we are here in a crypto forum, we will only talk about the ones who exist in the crypto field.

There is investing, staking, lending if not trading. There is no way that a newbie can be successful immediately and become wealthy in trading. Only the ones who have that potential is the pro or those who already have an experience in this niche. Not all who work in traditional jobs are struggling. It also depends on the country. If so, why not quit and find a better job or add another job to have a sufficient income?

Quote from: AnonBitCoiner on May 15, 2023, 06:32:05 PM

If you have teach him about the risk involved then don't worry it's now up to him and up to his luck that how he manipulate the things. I think that everyone should be aware of the risk involved after get enter into this business.

I think no one should blame one another as everyone has their own mind and thoughts so no one is such a fool to invest money blindly without investigation. If a person ask you about something then tell him the truth but never force him to do so because everyone has the ability to go through the details and then invest nothing is impossible if a person tries to do it accurately.

You are not wrong you have just tell him what he wants to know and now its his decision that what he wants to do.

You said each has their own business? That's true and that is why there are people who invest blindly because they are not wise or knowledgeable than the other but it does not mean that they can not lose anymore. Losing is still there but it can only occur rarely to them.

If someone approach us, we don't need to force them anymore but this is better than the other way around because they will shoulder the consequences and will only blame their own self if the plan didn't go well. When a newbie enters, the most common thing they want to know is if it's profitable. Just don't lie and say yes but also tell them the catch. It's okay if they get discouraged. It does not totally affect the adoption anyway as it's only a tiny part.

Quote from: rodskee on May 15, 2023, 06:09:46 AM

Quote from: palle11 on April 26, 2023, 09:03:33 AM

What do you think?

What I have learn in all trading and market that I entered? all is speculative mate unless those are manipulated place in which
only the whales are winning , but in crypto market and even in all trading platform < it is speculating is what it makes the world go round.

There is manipulations in each market and the whales are mostly benefiting with it but if you have some good experiences, you will know the patterns and you can ride those manipulations to gain a benefit as well. If it's about the financial market, speculating, other than manipulation is what makes it go round but outside of it, some says love while in science, it says the gravity.

Newbie or not, rushing is not good but it can only cause a mess on the things that you are doing but newbies mostly needed it to be able to minimize the risk. The forum is free so no one will lose money here but we do all lose once we engage in trading or investing. It's normal though.

Quote from: m2017 on May 17, 2023, 03:06:14 PM

If this cartoon had appeared at least a couple of years earlier, then now the BTC-community would be even larger. No, not thanks to the children.

But because it would make it easier for more people to understand the basics of bitcoin. I want to say that The World's First Kids Cartoon about Bitcoin will be useful for understanding about bitcoin not only for children, but also for adults. Simple and accessible/understandable language of narration is exactly what is needed. Most people will be too lazy to read a whitepaper, but watching a cartoon will interest more people.

And in general, this cartoon will allow to prepare bitcoiners from an early age. I approve.

Well, I am an adult and watched way too many family guy and simpsons, and loved the cars series pixar made as well. So I can't really say that adults wouldn't watch this, I feel like they would have loved this and I think it would have helped a lot of people for sure, I agree with that. People will have something that is a lot more serious, and that will be a huge deal that could result with a trouble here and there.

I understand that people will not accept it as it is a big deal but I believe that all these small things matter in the end. This may not be the number one reason for bitcoins growth, but all these things matter, a bit this, a bit that and you have more adopted bitcoin in the world. I appreciate this a lot, it definitely is helpful.

Quote from: Baoo on May 17, 2023, 04:05:36 PM

To begin with, education and knowledge have not age limit and everyone is able to become competent in Bitcoin and generally digital currencies no matter how old are they. Correspondingly, I would say that the majority of old people specifically teachers are more competent and patient than youngers, they are capable to teach youth smoothly. In fact, I have met some old traders and investors who are into cryptocurrencies, they have not gotten any difficulty in adapting themselves and comprehending the basics of this field. In addition to that, there is a minority of elderly who are against all new technologies , they be warning their children to not use Bitcoin.

I do agree that it is not going to be simple to just figure out exact ages unless you are an exchange. We are going to just guess and saying that they are a small part of it is a good guess and definitely a right one and I would agree with that.

However, I also would like to point out that it would be smart to end up with something more logical and just let the statistical companies handle that. We do not have any data about it, they exist, they are small part of it, but we can't know anything further. I would guess that even though they are small in number, they must be investing a lot more than us all because they inherited and worked for a lot of stuff, which means they have so much more than young people and can invest a lot more.

Quote from: jaberwock on May 16, 2023, 05:30:51 PM

$30k is easy on some years but it started to get hard during the bear run, luckily we manage to acquire it this year (it was on April 11 to be exact) $30k is not the highest so it was not totally surprising to some of us. Bitcoin has no real value because it is too unstable.

Any new price recorded to it will just drop again after some time but its instability is also the reason on why it can make new highs because people can invest in bigger volume once the price declines heavily. $100k is not the maximum value for bitcoin but this one looks hard to achieve because we haven't been close to it. All we got last bull run was only $69k. $30k gap is kinda big though.

I think it will go back to that level easily, we are not far away and we all know how easy it is for bitcoin to go up when it is on a bull run, so if we go on a short run we can reach 30k back again very easily and it could happen within a week if markets start to go up. However, 100k is a long term projection and totally different because it has never been reached before, I do not think that it will ever happen and I believe that we are not going to see anything that will change anytime soon.

I believe that the best thing to do would be making sure that bitcoin is on the right path and people do not panic when there is a small drop, it happens and it's a sell off period and we need to wait it out and then we can continue to go back up after that.

Quote from: DaveF on May 16, 2023, 01:30:28 PM

It's 100% clickbait headline.

No old wallets are not being hacked. If they were you would be hearing about it. Taking everything else away I would say a lot of them are not moving because of security reasons or financial ones but rather hardware ones. That old PC sitting in the closet that has a few hundred if not thousand BTC (could even be just a few dozen) do you trust it to still boot with no issues? Can that old version of the software even communicate with the network anymore? Has the drive gotten corrupted? Can you fit the entire blockchain on a drive you bought in 2012? And so on.

So you take the time and move the coins. And possibly sell a couple.

The other reason I see a lot of is people aging out so to speak, if you got into BTC in 2010 and were 40 you are now approaching your mid 50s.
If you have enough time to sell and retire.

Of course it is, otherwise how are you going to get clicks, only by baiting. All in all when there is a huge OG wallet being active and doing something then we are going to get something, I believe that the best thing to do would be having a situation where it will change things if they move and if nothing changes then there is no move, you can understand it from that.

If you saw a huge OG wallet moving things, there will be movements everywhere and you would end up with something that will change it a lot. It will not be simple but at the end of the day we need to wait and see. Since there is no movement with this, that means it was nothing and that is why we should have been focusing a bit more towards real news and not the fake ones.

Quote from: elevates on May 17, 2023, 10:38:49 AM

Quote from: Sithara007 on May 17, 2023, 09:02:38 AM

News from England is that Jonny Bairstow has been included for the test against Ireland. He will be replacing Ben Foakes as the wicket-keeper. But there are quite a few setbacks for the Poms. James Anderson has been included in the squad, but he has been suffering a minor groin strain and was forced to retire from the recent county championship match for Lancashire last week. Jofra Archer has been ruled out of this season, as his stress fracture has recurred. In case Anderson and Archer are not fit, then the England pace attack will be led by Mark Wood, Chris Woakes and Ollie Robinson along with the evergreen Stuart Broad.

They playing against Ireland that means English B team can be brutal. Ireland would playing against Essex before the test match. I am not able to recall whether it's an ODI or test. The Irish side is getting the chance to play against big teams. I am confident that they will lose the test. The only positive outcome would be experience of playing against England.

After watching Irish performance against Bangladesh in ODI series and last few matches in Sri Lanka and Bangladesh I am feeling they could be not good side even in long run because they have no potential for the best like we have Afghanistan or Bangladesh, but sadly these are also not doing good in long run due to their poor domestic setup which is not allowing them for having better things for the test format and improvement in quality.

England is playing with their first team which is good decision from their selectors because now they are also preparing for the Ashes which is also coming soon here I want if Ireland want to improve their game then surely they need to concentrate on white ball instead of this red ball game which is not going to help them.

Quote from: Inwestour on May 16, 2023, 12:39:52 PM

USDT is a good alternative to fiat as it would be very labor intensive to go into fiat every time. USDT is very well suited to take profits and wait for some time before a new purchase, and if you no longer plan to use some part for further investments, then of course you should cash them out.

You can try to find an altcoin that will rise when bitcoin is flat or fall, but this is not an easy task. Basically, we see the market following bitcoin, so I don't see the point in looking for an altcoin that will bring in more profits compared to bitcoin, and when there is a risk that the price of this altcoin may fall significantly.

I agree, but I would change the coin, I think BUSD a lot more trustworthy. Why? Because USDT only has USDT and no other income, if they profit they profit, if they don't then they don't. On the other hand, BUSD has binance behind it, which means even if you were to get all of the BUSD's stolen, which would drop the value to BUSD, then binance could come out, say they will take snapshot of the moment before the hacking, and then distribute everyone their BUSD back, and they can cover it 1 to 1 ratio with the profits they made, they already have tens of billions of dollars in profit to begin with, so they can cover it easily.

There is a lot bit of difference between them, one of them is trustworthy because of the company behind it, the other is being sued right now.

Quote from: QueenVera on May 16, 2023, 06:39:39 PM

There aim is to steal people's Bitcoin so they can have more Bitcoin to profit from when the bull market comes. Most altcoins are created because the founders know people are looking for the next tending project to invest into. Wakanda Inu had a good version but the founder had other plans.
Enough money wasn't used to market wakanda inu like other memecoins that millions were been used for the marketing of the project. Coins like Shiba Inu used millions for their marketing and that's why they're very popular today. Wakanda inu founders made alot of money but didn't care about the community.
They abandoned the project and that's what made many investors lose money for investing into the project. If wakanda inu wants to survive they need rebranding and have to disassociate themselves from the Inu trends or they'll be seen as another scam project looking to profits from the name.

Unfortunately this is the truth and we have to learn to live with it. I know that developers are trying to make money from people and we are just getting the short end of it. A lot of people funded a lot of projects and got nothing in return and we have to realize that it is not going to be a good thing to handle this.

We are going to end up with a lot more and people will not learn from their mistakes and they will keep on funding new projects with the hopes that the new one will be better and not scam them but almost all of them will. These are all fake stuff that will make only the developer richer and nobody else, which is why I believe that we can't really do anything that will help anyone at all.

Quote from: darewaller on May 09, 2023, 01:03:22 PM

I think that is true but we need to find a middle ground as well. If you think only about the risks and have no dream then you won't buy, why would you buy something you think that is risky and have no dreamy level of profit potential? But if you only think about the dream and not the risks at all, then you end up like this techie as well.

So you need to be aware of the risks, and aware of the potential profit at the same time, if you can do that then you would be able to actually make a profit from it as well, should be considered a good idea. I personally know the risks and I also end up dealing with whatever it can provide me as well, and that is why I invest what I can afford to lose. If I end up losing it all, I won't be poor, if I make profit, I will be happy. Those are the options for me.

I agree that you need to find the middle ground for sure. I do look at the villas and so forth around the city I live in. There is one for 128 million dollars, I know I will never be able to buy that ever in my life, and I do not really plan on getting that with a single trade by doing something stupid, no reason to do something like that at all.

However, I do know that I am going to work towards getting richer, so having a goal is important, I know that I would retire if I ever have 100k+ in my bank account because that's enough where I live, and that would be good enough to live until I die without ever needing a single dollar more, not even interest. But in order to reach the top of the tree, aim for the stars, if you fail, you will fall back on the tree.