Latest posts of: justdimin

Quote from: tygeade on May 04, 2023, 10:14:33 AM

Quote from: uchegod-21 on May 03, 2023, 11:38:49 AM

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Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.

Market reaching $100k is not an easy thing and I will advise that we should not think much about it. During the last mega bull run that happened, $100k which was the target failed. It will be very difficult for the marker to drag such a FOMO that will pull it to $100k. Our best expectation is something close to or slightly more than ATH.

Why shouldn't it be an easy thing? I feel like that is as easy as it gets. Bitcoin reaching 100k may not happen today or tomorrow, but it is not a hard thing neither, it is something that will surely happen. I personally believe that the best thing about bitcoin is that the price goes up eventually at all times, there is nothing to worry about.

Obviously speaking we are going to end up with some situations where the price will not be doing that well, but that doesn't matter because when the price doesn't well, all you have to do is wait for it to get back to being good again and it will be awesome. I personally believe that it should not be an issue, 100k is simple and all you have to do is wait, I bet that it will get to 100k one day, not today but eventually one day.

Easy as in quick, not easy as in not being able to do. I feel like it is easy if you are talking about "will it ever happen", because we all know that it will happen there is no doubt about that, but if you are asking if it is easy to do as in will it happen just about now? Like within May for example, then I think that is not easy and it will not happen.

This is why we should consider this as a trouble and not really go with that, I feel like it is not a good decision to do it and should avoid it if possible. All in all there are too many people who think that it would not be smart decision, so if you want to invest to make quick profit then yes you are right that 100k will not happen that quickly, but if you are a long term investor then yes it will do well.

Quote from: fullhdpixel on May 04, 2023, 02:34:14 PM

Even if there is no ATH but as long as the price can be able to recover to our last ATH or at least close to it, many of us will be happy and contented already because that still gives us a chance to earn a nice profit. ATH is not important but price volatility is, as this was the reason on why we can buy low and sell high.

Many are wishing for it to be gone. I think those who said this are the people who only use their BTC as a currency. They are just selfish but they can still use their BTC as a currency even if there are volatility. No one is forced to use or own a BTC because BTC will not replace the traditional fiat system that we have so don't worry about its supply.

I think the important part is to be stable, if the price of bitcoin became a bit more stable the new would be able to use it in a lot more places. I bet that 90%+ of the people who would use bitcoin as a payment, do not use it in their business because it is volatile, which means that they can't use it at the time but would use it if it became a bit more stable, for a while at least.

However, that doesn't mean that we will not see ATH for sure, we will still see it and people who think that we won't are wrong, there is nothing wrong with bitcoin bitcoin this price and should be considered a good deal at the time right now, it should be considered a good profitable business to hold for long term because I bet that we are going to see it grow to a new level.

Quote from: AnonBitCoiner on May 04, 2023, 01:24:36 PM

Bitcoin is a profitable business but its volatile so good idea is that whenever you achieve profit from then use some amount of this profit into offline business not matter what type of business it is. So the beneficial effect of this business will be that whenever the bitcoin reduces you will not worried about your loss as you will always have another business which will also gives you greater return.

Depending just on bitcoin does not suited well because of its volatile nature so dual business will helps the person to fulfil their daily needs and depending on just one business and that business has no surety so this can lead you to face difficulties in future. There is no doubt about the success of bitcoin but we should also plan another things for our future or present success.

I think depending on just bitcoin is good if you are talking about a long term investment, but if you are depending on just bitcoin for your income? That becomes a little bit of a trouble. This is why I always prefer to cash out some of the income I have into busd first and then keep the rest in bitcoin. So, if there is a fall in bitcoin then only the savings gets affected by it and I would be doing fine without a trouble.

The dollar pegged stuff could be considered a good deal and they are certainly doing well there, but I personally believe that we should not be focusing on what we are doing with dollar pegged ones, those won't change, and that should be considered a trouble, it should be considered not an investment at all and should be considered just like fiat.

Quote from: Bitcoin_people on May 03, 2023, 11:06:38 AM

Everyone who is related to the crypto world has trust and strong faith in Bitcoin. Bitcoin was created in a way that could never be believed by humans. There are also many people who do not believe in Bitcoin and think that this virtual currency does not have a good future. But already the way bitcoin has gained popularity and bitcoin has gained trust in every heart of people. You are right of course people didn't trust computer once but later everything in the world is stagnant without computer technology. So I think this bitcoin virtual currency will ban the world's paper money one day and everyone will use bitcoin then except paper money.

I don't think that the comparison is fair, computer didn't replace anything that government forced you to use, it has just evolved the things it used and help the government as well. Whereas crypto is here to change something big, and that "paper" money we are talking about (which is already pretty digital) is issued by the government and that is the important part, and we all know that it is not going to be similar.

This is why it is important to realize that we should not really be looking for a way to change that, not now anyway. Fiat will continue to exist, but the thing you are right about is the fact that we have seen it do well enough, not amazing or not best, but it wasn't liked by many back in the day, a lot more people are interested in it nowadays, that is good enough.

Quote from: Nwada001 on May 03, 2023, 11:07:57 AM

I will advise you to take out your profit now and invest in BTC if you actually have the intention to do so now that the price of BTC is still low.

If I eventually see $100k per BTC, I will be very glad, for I estimated $40–60k as the price on my hodling decision, so seeing $100k is another extra profit that I was not expecting.

What I will do: It will really be wise for me no to be too greedy, and at the same time not to be in a hurry, I will pick few of my hodlings, sell them and take off my profit at that $100k per BTC, just as a member said here, $100k might be the ATH for the moment but it's not the limit for the entire life time, so for me not to be completely left behind, I will sell off few of my hodlings keep some of it and expect some other higher mover, so that I can sell more again, and if it happens that the price will drop first before it will eventually go back to the top, that gap between when the price will drop and when it will go back up, that's another great opportunity for me to use my accumulated profit and bag more for my self, since I already don't have any mapped out plan for my hodlings assets, their is nothing I really need those funds for now rather than using them to bag as much BTC as I can even if it takes for me to be buying and selling with price positive different on my favor.

I do agree that 100k seems like a good price and I am invested in bitcoin right now waiting for that to happen. I know that it is not going to be easy and I know that it will take some time but I think it will happen and that is what matters at this moment.

I should point out that we are at a stage where it is going very well and considering that it should not be really a shocking result, I feel like we should forget about what's going on and just focus on what we have. I know that 100k is a great future, but right now what we have is btc price quite low compared to what it can be. At least a double is possible and I feel like a quadruple profit is not out of question, so when you have that in front of you, you always want to start investing, and not be too late to the party when the bulls arrive.

Quote from: Plaguedeath on May 02, 2023, 02:25:01 PM

Quote from: Stable090 on May 02, 2023, 12:35:58 PM

The account was created on April 27 and his last seen was April 27th, then you should know the member is not to be trusted, a new member that created account recently is looking for partnership, so after sending money to him then he will disappear, people looking for trading signals should just be very careful, no proof that he is even a real trader, not a reputable member, if he runs with your money, you can’t hold anybody responsible here, nobody will listen to your complain here. If you want to trade learn to do your analysis yourself, no easy way to make money in crypto space, if you want to make money, then you will have to work for it. Don’t just think you will join crypto and you will start making money easily.

If you read the thread, there's no mentioned if you need to send your money to the @OP, but you will need to follow the @OP signal and trade by yourself, if it's successful you can send some % share of the profit you've made.

But since there's no guarantee of his signal will always successful, then I ask for @OP to escrow his funds, this funds is used to recover of any losses from his signal. If he don't want to accept this, it's mean he's not really sure with his signal.

I would guess that OP will not do that and it would be a stupid move to do it just because he told you. I could definitely see it like "I can write bunch of trades, whichever one hits, you pay me, if not, I lose nothing" type of deal for OP. I can do that too, I can give you 100 things to buy, if I am right, I earn money, if I am wrong, I lose nothing.

That logic makes no sense, why would anyone want to accept something like that for anyone like that, there is nothing that we could do and there is absolutely no way that I would accept something like that and there is absolutely no way anyone here should accept something like that neither, it just doesn't make sense for anyone and it should be avoided as much as possible.

Quote from: tbct_mt2 on May 03, 2023, 02:34:38 PM

Why did you try to connect S&P 500 as well as golden cross from it to Bitcoin?

Bitcoin does not have two years in red continuously and that is its history. If you believe that history won't be broken, this year will be in green. A next year will be a halving year and again with history, halving year is great for bitcoin as well as one year after that.

I will consider about Bitcoin history as it is more important than what's happening with S&P500.

https://buybitcoinworldwide.com/stats/yearly-candles/

This is a good analysis. I believe that this year should be a bit green, next year a bit more green and the year after that should be fully green from everywhere. That is how the 4 year cycle works, bad year, a bit better year, a lot better year of halving, and the best year, then bear year again. That is the four year cycle and we are on the second year of it now, we are done with bear year, we are doing fine this year, and better than this next year and a lot better year after that.

I bet that we will see 100k+ next year sometime, and more than that in 2025 as well, it should be like that based on history at least. Could it be broken? Maybe, I mean anything could happen but I am not entirely sure if that will be the case in this one, it could happen or maybe it won't, we have to wait and see.

Quote from: jeraldskie11 on May 03, 2023, 03:00:37 PM

Quote from: Poorwithbtc.eth on March 29, 2023, 04:35:46 AM

In fact, buying the bottom and selling the top is very difficult. Because as everyone knows the "bottom" is made up where there are the most sellers and the "top" is where the most buyers are.

We have no idea how far the market will retrace. We cannot also predict the price. We'd all be wealthy if we could predict the market. Because the market is always looking for liquidity, the price will likely move in the opposite direction. In this zone, the price frequently lands before breaking the prior high. Liquidity is typically evident in equal lows and highs, but it can also be found in imbalance.

I am not entirely sure if it will act like that, I am not saying it won't but I feel like it will not be just going down. I think whatever retraction happened already happened, but I do not think that it will be that much of a big deal, I feel like it will be a simple situation. The best thing about the current situation is that it should not be a big deal for this drop, it feels alright.

I think it is important to remember that bitcoin always recovers in the end, and 2023 has been a bull year so far, reached from such lows to 30k levels. May will probably end above 30k if you ask me, and that will be the case for all of 2023 as well, going to keep getting higher and higher, maybe end with 40k+ or even as high as 50k+ if possible, that would be lovely.

Quote from: TheUltraElite on May 02, 2023, 04:37:24 PM

Quote from: Wolyusi on May 02, 2023, 07:21:59 AM

Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?

If you are looking at the long term picture then all of them can grow and "promise" you great returns if other factors remain normal, meaning no hacks happening or government crackdowns or disasters.

But this is a personal choice, if someone likes a project's vision and their approach, they might think the same to be promising. This will and there is no hard and fast rule to this. I still suggest a 2year minimum watching period before investing in anything newly launched.

While the XRP is a less interesting option considering their friction in the community or SEC, other two seen safe to invest in.

I think XRP definitely shouldn't be considered, it is as terrible as it gets when we are talking about problems they are facing, not technically speaking or anything like that, if they had none of those legal issues then I would say it is not terrible, but I would still not prefer it, but I wouldn't say anyone else to say anything about it.

But when we are talking about a situation like this, it means that XRP is facing legal trouble that prevents anyone from buying it, or at least it should. ETH and BNB on the other has nothing like that, well I wouldn't say nothing, BNB could be hurt by SEC attacking binance.us as well, not directly, and won't really change much, but at least there is a tiny small chance, a lot less than XRP though, and ETH has no problems at all.

Quote from: Ojima-ojo on May 02, 2023, 04:51:50 PM

There is no doubt in the fact that altcoins have helped in the publicity of the cryptocurrency industry and their various hypes have helped to bring cryptocurrency into mainstream awareness, even though we can't deny the fact that, altcoins have also influenced the negative perception about the true intent of cryptocurrencies like bitcoin which provides better alternatives to fiat and as a good asset to hold.

And also some of the altcoins have provided some specific services that contribute to the scalability of the cryptocurrency industry and make the transaction easier faster and more flexible.

The fact that even if it was rare, some people made a lot of money via altcoins allowed people to think that it was possible to get rich, which brought in a lot of people. This had one good thing and one bad thing about it, good thing is that there were a lot of newbies who were interested in crypto in order to become like those people who got rich and they wanted to replicate that luck, the bad thing is that most of them failed and they lost their money so they are doing terrible at the moment.

This is why it's both a good and bad thing together, a lot of money got in, but a lot of it changed hands, if it ended up with people who stayed in the crypto world, that's good, but if it ended up being cashed out then it wasn't a good thing in the end.

Quote from: Joshapat on May 02, 2023, 01:46:40 PM

The world is currently in a difficult condition, poverty in many countries continues to increase, many people find it difficult to eat 3 times a day, it is difficult to get clean water and so on, unfortunately many rich people are only busy showing off their wealth for their own pleasure and they don't care about the poor.

I think the sad part is that rich people are not even getting rich to spend that money neither, like there is no point of it after a while. Look at Elon Musk, he became richest person in the world, and he lives in a tiny house, and he doesn't really spend money that much, look at his life style, he could live off like 20-30 million a year at tops, that would be more than enough. Whereas we are talking about him having 100+ billion, at some point even as much as 300+ billion dollars.

There is no reason to have that much money, and it's personal one, when you look at the corporations it's even worse. No company that worths near trillion dollars or whatever levels, should make hundreds of billions in revenue and pay this little tax neither, should jack that up, close to 99%, because nobody needs that much profit, only shareholders profit from that, we should consider taxing and using that to help the whole nation instead. I am not even American, that is just my idea, after a while people just don't need that much.

Quote from: wmaurik on May 02, 2023, 12:11:57 PM

Quote from: Pujangga on May 02, 2023, 09:02:05 AM

Many people spend money just for consumption, the presence of a youtube channel that reviews culinary stuff makes anyone want to try the menu, but if we think about old age that is coming soon then it's appropriate for us to divert all that money for better things, namely investment.

Consumption in the form of necessities of life is something that is always needed by everyone in their life, because if you live only to endure hunger because you don't want to spend the money you already have, in my opinion that is very ridiculous. There's nothing wrong with having a YouTube channel that reviews many things, including culinary matters, because that is also very useful for those who do business in the restaurant and cafe sector.

In addition, those who like to try new culinary delights to consume at home are also not a problem in my opinion because they also don't eat those culinary delights every day, but rather the staple foods they often consume every day. After all, the investment is not something that should be forced because the investment can be done according to each level of ability without having to starve for it.

I do agree that consumption is a must when you eat minimum and spend minimum, you survive, not live. Living is something else, do not go overboard and get in debt, do not buy things you do not need just because you want them, know your level, but if you put a too harsh constraint on yourself, you would never live. Plus if you always try to cutback on what you spend, you would never grow and that's not a good thing.

You need to keep on growing and making more money, we are in the crypto and you could always make more, and you should aim at making more. If people mistake surviving with living, they will always be small and never grow, people who are super wealthy always looked for a way to have more money, not spend less money, that is not the way to grow.

Quote from: slapper on May 02, 2023, 11:58:56 AM

Dedollarization? Intricate and multifaceted, like a Da Vinci masterpiece. Adopting alternatives might minimize currency risks and give economic freedom, but think about the worldwide repercussions. Sudden dollar abandonment? It's like a dramatic plot twist that sparks volatility and uncertainty. The dollar's global reign is crucial, folks. Tinkering with it? It's risky business.

However, dedollarization isn't just about dethroning the dollar. It's the world stage changing, China stepping up, and other currencies getting their share of the spotlight. Decision-makers must be cautious, like navigating a minefield. Analyze pros, cons, and other currency options. The ultimate goal? A prosperous, stable global economy where everyone wins

I feel like any American would always hate on the others, and that is why it is proven again and again that you need to pick one of the evils and hope that yours is the lesser evil. China is not doing anything that USA hasn't done in the world stage, they are definitely trying to make nations depend on them, but not like USA didn't do that neither, they definitely did and that is the issue.

I always supported Euro, its neither dollar nor yuan, that way we do not need to focus on USA or China, and Europe is usually a lot more sensible when it comes down to stuff like these and should be alright. Can't say if it will be good or not but can say that it is going to be a little different and could be considered as better judgement compared to other two at least.

Quote from: DrBeer on May 01, 2023, 07:23:22 AM

China is well aware that it is not able to replace the US and the dollar, or become their competitor. He has other goals. Its goal is to create around itself a belt of satellite countries that will be totally dependent on China/Yuan. How this will be implemented - let's wait quite a bit - the Chinese trap will soon slam shut, and everyone who has accepted the idea of "rejecting the dollar in exchange for the BRICS currency" will become completely dependent on what (I mean the currency and principles of interaction) that China will put in front of them . China openly declares that now HE is the second pole of the bipolar world, and it will LEAD this pole. And without total management and control of financial flows among its satellites, this task will not be solved for China!

Like USA did to other nations? I understand that you are an American and go around the forum protecting USA and its interest because that is what nationalism does to you. But even though I agree what you said about China is true, it doesn't change the fact that USA has ruined multiple nations with the exact same method as well. Look at Latin America, between disrupting the governments, putting oil companies that basically steal oil out of it, and forcing plenty of small nations to keep accepting dollars, there are so many nations that did so badly so far.

I think that is going to be a tough one, it is going to be a trouble. I believe that every nation should deal with their own currency between each other, and that's how the world will be much better place, not USA, not China, each nation uses their own currency between each other.

Quote from: rodskee on May 01, 2023, 08:31:09 AM

Well this is big comparing to what is the price and movement now.
it drops again to 28k and yes continues to fall.
if I will look and believe that 38-40k , then we are having a correction now?

Having that type of increase is not unlikely, I mean we have seen about 30% increase before in a month and it could be once again this month too. However, we are not going to see something that huge if you ask me, is it possible? Sure it is possible but I feel like that won't be the case. I think more like 34-35k range is more likely because that is around 10-20% range of increase for a month and that is a lot more likely and will be the result.

Having a 10-20% increase is nothing short of great. I hope that it will get better and we should be considering that type of profit once again, I am not sure if that will happen quickly though, not the first week of may right away, I think it will take a while like maybe third week of the month before we see those prices.

Quote from: adaseb on May 01, 2023, 04:11:50 AM

Yes I can see $40K being the top or at least $37k or something but I don’t think we will have a new ATH.
Most likely like I said before we are basically in an echo bubble and if we go to $40K it will most likely end up looking like a wick on the weekly and monthly candle sticks.

Economy is not looking good basically not a good time for many to be buying Bitcoin when they might lose their job. Hence why I don’t think ATH will be possible. Maybe next year or so when rates are cut.

Economy not looking good means better for bitcoin, because when world economy does badly, bitcoin price does better. I hope that it will take a while before we can make a decision on it, but I think it is obvious that we would not be here without anything bigger and should be considering bitcoin in the bullish period right now.

The inflations, the recessions, all of these end up being better for bitcoin. Now that rates look like they may go down, more money flow to the market and some of that will hit bitcoin too and the price will do amazingly well. I am just waiting for June, when the June rates are published, we are going to see it rise. It wasn't like this before but after pandemic inflation became a topic and that is why fed rates matter nowadays.

Quote from: JANUS23 on May 01, 2023, 12:15:58 PM

The truth about scam project is that you are not 100% sure. It can tick all the boxes you expect as a legit project and still exit scam you or do a rug pull

In fact, if it ticks all the boxes, there is a possibility that it could be a scam as well. You first check the size, if something is too professional and big, then it will probably not be a scam because they would spend millions on it and look as legit as it gets, they could fail as well even while being a legit company but that doesn't mean that they will scam you.

I knew a project that literally had office full of workers, there were 20+ people there, maybe as high as 30, and we saw videos of them working on it, basically 100% legit, but they failed because they just didn't get any interest from the community, when people don't invest, that means there is nothing to do about it. However, find those, they have a lower chance to scam and higher chance of success.

Quote from: Xal0lex on May 01, 2023, 12:36:43 PM

Ethereum has a strong fundamental and is part of a huge ecosystem, the demand for this blockchain is very high, so there will always be demand for ETH itself. Where there is demand, there is liquidity. ETH can also be used as a means to preserve the value of your money over an extended time horizon. For micro deposits, this asset is poorly suited because its growth is very limited and it is unlikely that the price from the very bottom of a bear cycle to the very high of the next bull run will yield more than x10 profit.

That is what I use it for. I know plenty of people USE ethereum for real, but I just invest and hold it, tried to stake for a while but it was too little return so I gave up, didn't worth the risk of putting it at a stakepool, so I just put it on my wallet and that's it, holding it for long term. I do not have too much anymore of course due to life situations, but I got some back recently and hoping to keep it as it is, not going to touch it.

I did get fooled once about a bounty and tried to withdraw, but the cost of withdrawing was about 40 bucks whereas amount was 4 bucks, so I decided not to. That was the last time I ever considered doing something with ETH, after that there was nothing to do and I just kept on going without trouble.

Quote from: Fredomago on May 01, 2023, 12:00:46 PM

Quote from: Lanatsa on April 30, 2023, 11:28:49 PM

Its your money then its you choice to make when it comes to investment choice because we dont know on what future holds and if you do see something that has potential or does have that kind of benefit or somewhat into these categories then you would really be making some move which it would really be just a normal approach but of course this isnt something that talks about on making money,

Always mind off with the risk involved because if you arent that careful when it comes to your investment decisions then all of those funds would really becoming to waste. We are talking about pension funds
on here on which this is something an amount which we would really be that depending on the time that we do get old.

If you could be able to bare up with the risk about Bitcoin investment then its your call.Just make it sure that you do have other investments as well if ever this one fails but even though this is unlikely
but its better to always have that back up plans because we cant really be sure on what are the things that would happening ahead.

That's the point, if you can take more time to secure your knowledge about this venue of investment then for sure it's not hard to realize the potential of this market, it's your money and taking good care of your finances is very important, if you can put portions of your pension then so be it, but putting everything in that's might need deeper knowledge in case things might not turn into your favor you can still have some portions of your money to use with your needs.

All will depend on how good your understanding is and how you really wanted to take your venture to this venue of investment.

That is a bit of vague answer though. I mean is it safe or not? Surely it depends on how much you know, and that is important without a doubt. But when you look at the market right now you realize that it is not really that weird and not really that different.

I personally hope that the best thing to do in this case is to invest some part of your pension to just bitcoin and hold it until you retire, not make any moves just because it went up or down. That is an answer, it says you should put some of it, doesn't say how much so that part is still vague, but doesn't say it doesn't know. That's an important part of it. I know that we can't really make a big deal about how much we know, but we can't just say they have to make their own decision neither.

Quote from: Josefjix on May 01, 2023, 11:03:47 AM

Quote from: Bitcoin_people on April 30, 2023, 05:12:34 AM

Investing in crypto requires good knowledge to be well positioned in the future. Investing in virtual currency in the virtual world requires intelligence to gain reputation as a good trader. Treading must spend its assets and then invest and hold. Investing Bitcoin in Cryptocurrency is definitely possible to accumulate good wealth in future. There is no future risk to your money when trading bitcoins. Holding Bitcoin is better than investing in all other currencies.

Perhaps Bitcoin has made good pumps in the past, as well as heavy dumps, but that shouldn't prompt us to back down; there is no time to make scuzzy excuses, only to take bold steps and begin now. Nobody knows what the future contains, but Bitcoin seems promising, and we should seize whatever trade opportunities we come across. It is critical to understand what we require and to be able to work toward our objectives. With consistency and investment in solid crypto businesses, accumulating wealth is straightforward. Taking critical risks for massive returns, I'm already used to everyday bitcoin trading, I'm confident, and I've never doubted my future goals.

That is a good approach, and considering that we have increased in the long term and doing fine right now, that shouldn't really be a shock. I know that people are acting as if they are going to "know" when it will go up and it's a big talent, but the reality is that we have already seen down and we are about to see the up now as well, that's how they follow each other and should be considered.

I believe that we could do well but that will not be easy for the time being, it will take a while. I believe that the best thing to do right now is to make sure that it will get a bit better. I think the best we could reach at the moment would be a profitable future and us getting ready today for it, that's what I am doing and that's what I suggest as well.