Bitcoin Forum
April 30, 2024, 02:49:43 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 [84] 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 ... 376 »
1661  Economy / Trading Discussion / Re: Are you profitable? on: April 04, 2023, 05:50:39 AM
I'm also a trader, but for now I'm down because I suffered a big loss.I guess next year I'll raise some more money and try again.
for now I can't share because I don't experience profit.
Do not give up, there are plenty of people who has lost money before and I think it is important to learn that experience as well. If you lost, then go back and check what you did wrong, if you can spot what you did wrong that is great, if not then maybe ask some people what you did wrong and how could you avoid that next time you are trading.

When all of that is done, try to collect some more capital, however long it takes, and when you have that capital then you could just try to trade again, and this time around avoid that mistake and not do that again. Maybe you will do a new mistake, who knows? No guarantee to profit, but if you learn enough, you will do well.
1662  Economy / Trading Discussion / Re: Retracement will finally happen on: April 03, 2023, 08:29:24 PM
in your weekly market picture it is clear that the candle has penetrated the 200 EMA, and that means there will be a bullish trend for the next move, but before that there might be a correction first. and the biggest correction that is likely to occur is at the EMA with a purple line, around $24K - $25K, I think that area will be great to buy, if it doesn't reach that support, maybe after this it will continue the uptrend. Of course all of these are just predictions, but what is clear is that I have prepared a buying area scenario to welcome the real bullish season
You are correct. We need correction I hope just bounce back from 200 EMA. The purple Line is 100 EMA and those are now support and yes I think its good time to buy more when it touch purple line and I also hope price will bounce back from there and continue rise till fibbonaci 0.5 If the price rise and stable above 0.5 we good to continue the bull
That is only valid if we stay like this, so that we can trace back a bit and go back up again in the future. However, if we have a skyrocketing increase, a huge breakout, then we won't be needing it because that would also mean that it will change completely and we will have a different outlook.

Remember this is bitcoin we are talking about and that is why it's quite important to always have some sort of understanding where it's going and just a few rich whales could change it quickly. Get all those rich people at the top, bill gates, Jeff Bezos, Elon Musk, whatever you want, to say a few good things about bitcoin, and all the EMA calculations would be gone out the window.
1663  Bitcoin / Bitcoin Discussion / Re: What do you think about Fiat and Banks? Can Bitcoin solve the problem? on: April 03, 2023, 07:19:34 PM
Fractional reserve banking is a banking practice where banks only keep a small portion of their depositors' money in reserve and lend out the rest. Some people have raised concerns about this approach, as it may cause financial instability and systemic risks.

On the other hand, Bitcoin is a unique digital currency that operates on a decentralized system called blockchain. It has a finite supply, meaning that there can only ever be a maximum of 21 million bitcoins in circulation. This helps to prevent inflation and keep the value of the currency stable. Additionally, the advanced security measures used by Bitcoin make it very challenging to counterfeit or manipulate the currency.

One perspective is that Bitcoin is the sole remedy to combat the predicament created by Fractional Reserve Banking, and it provides the ultimate solution to tackle the issue of inflation resulting from uncontrolled expansion of fiat currencies, which can be influenced by the system.
I agree that it has been the main trouble for most financial issues. They rarely have enough money, and the "loan the rest out" means they literally don't have your money. So if all of us put 10 billion dollars into one bank, and they loan 7 billions of that to others, then they have 3 billion left in the bank, so if we all try to withdraw from the bank, what happens? They crash and bankrupt.

This alone is a good enough proof that we shouldn't have it, that's a terrible idea and was never a good thing that can sustain from the very first start. It is there to get banks make more profit, but the risk is too much and shouldn't be done at all. I rather not accept this situation and that's why I am in crypto.
1664  Bitcoin / Bitcoin Discussion / Re: Bitcoin usage in crime activity. on: April 03, 2023, 06:48:04 PM
I really do not think it so. You see criminals always want a situation where by they would  commit a crime and go Scott free without any trace which was why the increase in digital or cyber crime became something else since bitcoin supports anonymous transaction. Now casinos back then wanted a way where by people could patronize them without any trace of their identity hence their resolve to accepting bitcoin which made it popular amongst the gamblers and there was the major breakthrough bitcoin got them and it started to blossom and gradually because the talk of time. See OP, I am meant to understand that there are some scenarios in life that is needed so as to facilitate a process. However, bitcoin was able to passthrough this process so as to get that popular amongst the gamblers and firm there it was well known amongst them.
See OP, I have come to realize that most times, there are some certain things that do not really scale through when things are done the right way or the right process to get things done but when it goes through the iron furnace, the heat of the fire makes that something get the relevant desires. I just assume this that it was that way.
First of all bitcoin doesn't support anonymous transaction, you can follow it, so if someone steals from somewhere, usually that's tracked, even through mixers if it's a bad mixer as well, so it's a trouble. I have to say that it's not going to be a bit of a simple situation, it's a big deal and I think it's obvious that fiat is used a lot more no matter what.

Even if you "think" crypto is better for criminals to use, that doesn't change the reality that fiat is used a lot more, and I mean thousands of times more. Which is why you can't, or anyone else can't attack bitcoin or any crypto because it can be used in crimes, since fiat has been used so far anyway.
1665  Economy / Speculation / Re: I missed the bottom or i have time to invest on: April 03, 2023, 02:11:34 PM
Six months to one year is not enough to assume that you are investing in bitcoin. For me, you are just a long-term trader and not an investor. Investors in the crypto industry must be willing to wait for more years because the bearish run can last for more than a year. If your investment plan is within one year, you might be forced to sell your coin lower than the price you bought. The price of bitcoin is unpredictable so nobody can claim to be a master of the market to predict accurately if the price will go up or down. That's why it will be better to invest what you can afford to lose.

I have not had an interest in buying any other coin apart from bitcoin because some of them are not always what they claim to be. Bitcoin has been consistent and dependable for a long time and it my suits my investment plans.
I would say that it is not nice to gatekeep bitcoin investments. I mean whatever people are feeling comfortable with, they should invest that much and for that long period. If you want to invest for 6 months, then go ahead and do that, if you want to invest for a year, then go ahead and do that, and if you want to invest and hold for 20 years, do that too.

There is no right or wrong here as long as you manage to make a profit, and even if you end up losing money just figure out what went wrong and try to not do that again and repeat again with a better understanding and you should be better. Just because we can hold for decades, doesn't mean we should see other investors as weaker.
1666  Bitcoin / Bitcoin Discussion / Re: My mind is unrest on: April 03, 2023, 01:34:54 PM
The fact that I still run an old core 2duo CPU in my house makes me the living proof that some people still have old PCs with core 2 duo CPUs in their homes.

I also have another powerful PC with the latest Intel CPU in my house, but I use the old core 2 PC for testing networks for airdrops, while the higher end PC is used for video editing, content, and gaming.

Just because the OP cannot afford a hardware wallet doesn't mean he or she has no PC at home.

If I were OP I will uninstall the wallet from my smartphone for ease of mind, since I wrote down my recovery seed offline at home I don't have to worry when I uninstall the app clean from the phone.

I understand that one needs to be careful because there are so many tools in the world today, just because your smartphone has pin lock and fingerprint security doesn't mean there can't be a way around those.
I have some sort of similar issue as well. I have an old laptop that basically is dead, still opens up after like 10-15 minutes, but I was using that until last September and it was a crisis, it was the worst feeling in the world, I can tell you if you didn't had the brand new one, the old one would have made you crazy.

However, now that I have a good pc, the laptop is not that terrible for me, got it fixed a bit, got it cleaned and all, right now it's still terrible and wouldn't use it, but since it's a laptop and not a desktop, sometimes I take it with me to some places, and that doesn't really feel that terrible, because I know that's not my only option and I don't have to get annoyed when it doesn't react or anything, because I know I have a good one at home.
1667  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: What makes Binance stay strong despite all FUD ? on: April 02, 2023, 05:05:10 PM
credibility speaks for it self, binance known for it credibility, but I think usually BNB coin didn't really related with binance fud, i mean BNB is now essential for its BSC which right now is rather famous and have many projects running so assuming that, BNB despite binance, basically the company that owns the coin is getting massive fud, if it just some rumour it will just stay strong.
BNB is a product of Binance so whatever happens with Binance will have an impact with its coin. So far it was only just a FUD that binance is getting and it wasn't confirmed yet if the rumors are true or not, so people should not panic. Like you said Binance is known for its credibility. Their company is known for that for years.

I don't think they will let these FUDs destroy what the foundation that they already built and even if it's not a FUD, I am sure they will take the effort to solve it. Binance know that there are lots of people who are at their backs. This makes them motivated and stay strong despite all the critics that they are receiving.
1668  Economy / Economics / Re: Should you save, when you are wealthy? on: April 01, 2023, 02:14:39 PM
Of course. You should always save money even if you are wealthy already. Don't forget that there never be enough money. And the more you have, the more you spend, so it's a good idea to keep saving in case all your money sources will go away one day for some reason.

And you can also use this money to give them to your kids when they will be older, which is good too.
I think there are rich people who only spend a little. It's kind a amazing how they are good at budgeting when compared to the majority of poor people. Obviously, those rich people are still saving money. I think they are scared that they will run out of money later on, so if that happens they still have something to use.

One of the reason why rich people save money is like you said, for their kids to have a better and brighter future but for the poor people, they only save so that they will have something to use later on, either to buy food, and use when some of their family members are sick and hospitalize. Whatever purpose is it, saving is a must as it can come in handy.
1669  Economy / Trading Discussion / Re: 2years of trading! on: April 01, 2023, 12:32:01 PM
Good for you that you truly learned within 2 years of trading.

The fact that you are able to point out what's the best thing to do and you are able to apply it to yourself, means you put some seriousness in learning trades.

Actually, a newbie won't bother to read some long pointers and advice. Let them experience the actual pressure of doing trades as for sure, if they are really serious, their experience will make them a better traders in the long-run.
2 years was a long time so if a person is eager to learn (he makes research and practice) they will surely master trading within this time frame. Most newbies were actually lazy. They can skip the learning process but have the guts to try the actual thing which was to do a trade but they can still gain an experience with it. If they sick and tired of losing, they can now take things seriously and go back on the basic part which was to learn.

I check the first post and I see that the OP shares a lot of quotes and also recommends some trading books. This was unique because usually, most trading tips that I see here are about analysis, indicators and the likes but we must not underestimate what the OP have gave. If it works great for him then maybe it can also do the same for us.
1670  Economy / Trading Discussion / Re: Which is more profitable trading ETH/USD or ETH/BTC on: April 01, 2023, 10:26:33 AM
I don't know much about trading but I think trading ETH/BTC can definitely be profitable. Trading ETH/USD will make it a stablecoin due to which its price is always at the same position. But I think trading ETH/BTC can definitely be profitable when selling ETH to BTC. Then if the Bitcoin market grows then a good profit can be made. and long term bitcoin can be very profitable so for me trading ETH to BTC is the best.
USD is dollar (not stablecoin) not but it is also stable. I think there's also stable coin paring for some cryptos. ETH/BTC pair is only profitable if BTC increases the moment we made a trade but not if the price goes down however we can always hodl our volatile crypto for a while and wait for their recovery before we sell them for profits.

Why don't you try both, and see which one suits you better?  There is no formula to judge which will bring more profit, they are just trading pairs that mean nothing. To be profitable requires a combination of many factors, if you have sufficient knowledge and experience, then choosing a currency pair to trade is not a factor to evaluate your profit. Depending on your strategy and analytical knowledge, choose for yourself the trading pairs that suit you best.
Or we can just ask him if he prefers stability more than anything else then he should go for ETH/USD pair. If not and he wants profitability over stability then he must go for ETH/BTC pair. For you it may only look a simple trading pair but for others, it can mean a big thing already. There's even a thread here last time which states that non-USD/non-stable coin pairs are more profitable than USD/stable coin pairs. That guy must be serious and he might be a professional trader. There's still more in trading so you still got a point there.
1671  Economy / Trading Discussion / Re: WHERE DOES THE PROFITS FROM? on: March 31, 2023, 08:04:32 PM
I would say when you make a bad trade, do not sell and instead DCA, this of course works with btc and not all altcoins. Some of the altcoins are so terrible that they will keep going down and down and never back up and will die, and if you picked one of those then you are going to end up with a big loss. However, if we are talking about bitcoin trading, and if you buy at the top, then all you gotta do is buy more and DCA your way out of it. This means you will have less and less need for the price to go up, and eventually will profit when it goes up. Will take money and time to do it, but at least its a way out.
What if they already set a stop loss? I don't think a trader can wait for the assets to recover once they start dumping but the one that usually does that are the investors. If you invest on a newer altcoin and if you doubt about their future, you should also set a stop loss so that you won't lose further. They might recover but the chance of it might only be small.

When it comes to BTC, if we accidentally buys at the top, we can wait for a while as there is a chance that the increase will continue. We can then sell to get out and start investing again at the dip. If we think the price of BTC is not yet high, we can continue doing a DCA as there might be more increase that will come.
1672  Economy / Economics / Re: #Quittok: Desire for positive work environments and greater work-life balance on: March 31, 2023, 07:08:21 PM
There is nothing about TikTok that I like. Millennials and Gen Z's would gladly sacrifice their future for 5mins of the world validation. From the videos I have seen, it only happens in developed countries with stable economies and democracy. It happens in places where even if you are unemployed, the government can still take care of you. Literally, like no consequences.

On the other hand, I think people should leave their jobs with a plan. Don't just quit because you are in a toxic work place or you lack a work-life balance. Quit sensibly. Unless of course you live in a country where the governments  take care of the unemployed.
That's cool if there are countries like that who treat the unemployed people really well. In some countries it can only happen if there are calamities or crises like what happened last time when we had covid. Even though if my country has that status I won't still abuse it and be lazy because to have a job still gives you a better pay rate and there are some benefits too.

Anyway about the TikTok thing, I thought it was a movement to quit TikTok to have a better life because TikTok gives so much distractions and it can greatly affect our jobs but it turns out that it was the other way around. That's a crazy movement right there. I'll never support it.
1673  Alternate cryptocurrencies / Altcoin Discussion / Re: When is the next altcoin season? on: March 31, 2023, 06:05:00 PM
Altcoin season usually depends on Bitcoin price movement because when Bitcoin pumps and gets a stable price then altcoins start pumping hard. And also there are many indicators to know about the altcoins bull run. I think it's time to hold altcoins as very soon we may see altcoin season if Bitcoin price pumps and gets stable. It may happen very soon as Bitcoin is bullish now.
I think there are altcoin seasons in which Bitcoin did not increase but most of the altcoin seasons happens only when Bitcoin price pumps up. This is the reason why you can say that alts bull run are easier to detect but I think only worthy altcoins are qualified on this event so if you own some weak altcoins, don't expect that they will sky rocket too.

It will be good if we hold both Bitcoin and altcoin and not just altcoin alone, so that once Bitcoin pumps, we still can earn another in our altcoin investments and if one of them fail's to pump up, we still can earn with the other. There is no way we will be zero if we own coins from each category.
1674  Alternate cryptocurrencies / Altcoin Discussion / Re: The bear market is your friend on: March 31, 2023, 12:00:52 PM
it seems that everyone has a different view of the bear market, if the OP considers it a friend, maybe other people will think differently, the bear can be said to be a significant decline in the market from time to time until it reaches a low point, usually occurring after a very high increase.
but after the storm there will definitely be a bright sun.
Yeah, there are a lot of smart people who has made a ton of wealth from bear markets before. Just to give the biggest example, Warren Buffet was one of the richest man on earth even before 2008 right? Well, during 2008 when everything crashed, dude had a lot of money to buy things and he bought so many stocks with so much money that he single handedly saved some of the companies with his investment.

Now he is multiple times richer thanks to that, this dude didn't produced or created anything, just bought stuff when they crashed and hold it as long as possible and never sold. That's what we gotta do, wait for bear, buy, and hold forever until we die and we can be like him, not as rich but still much richer than how we are today.
1675  Alternate cryptocurrencies / Altcoin Discussion / Re: Top AI Crypto coins that can possibly change your life on: March 31, 2023, 11:01:30 AM
Hmm, they all sound like something a dev can do for free and publish on the internet. With how ChatGPT is right now, and its feature of plugins being released, I don't think these types of "AI's" can still hold a candle to it since ChatGPT would be an all-around type of AI with the right plugins made and used. I might still take note of some of these projects though since you can't say devs would make whatever we want. I'd still say that a large majority of these are just hyped up though and at its core, use simple algorithms instead.
Because they are. They are not some "there are dozens of people working on improving this at all times everyday" type of business, they are just people who have absolutely no idea how to build things to be better, devs that want to make more money and they are abusing the chatgpt plugins to make people convince they are going to build something better in the future.

We gotta realize that this is not going to be good for us in the end we should be careful about what's going on and just stay away from them. It's just a way of saying "look I have AI in my projects name, PAY ME!" and that's it, there is no reality in it and won't ever be anything that is good.
1676  Economy / Speculation / Re: What is your take on the price? on: March 31, 2023, 09:29:36 AM
I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?
this is why you must consider knowing what is your main target in this investment , if you are for short term then better to check the market most time but if you are for long term then this is the perfect way to stop checking the net from time to time.
because that will only mess your investment then.
why not just focus in holding so you won't be bother when the market keep changing.
That is not entirely true to be fair, but not for any logical reasons but more on psychological reasons. I am a long term investor, I rarely do trades and if I do then this makes sense but even when I have no trades and purely just a long term investor, and I mean like at least a decade long holding, I still check the price because I am not invested just in bitcoin, but invested into the bitcoin world and I like to read about it.

Think about it like politics, you may not be a politician, but you vote every 4 years, does that mean you don't check what happens in politics in between? You still do, because you wonder what's going on and want to more all about it.
1677  Economy / Speculation / Re: Bitcoin will pump soon? Lower interest rates in june. on: March 30, 2023, 09:18:30 PM
That is the spirit we need to have when we invested and trust this coin(bitcoin) because the more we trust this is the more the market increases and that is what we love here most.
the FED may act positively or negatively yet it is our position to make it true.
and also the pump will happen no matter what because it is how it works in the 4 years cycle (hopefully will happen again next year)
I agree about the correlation between The FED and the crypto market in general, the decisions and policies they make always have positive or negative impact on the market, that is fact. Regarding the price pump, this can be influenced by many things, including the adoption and entry of several large institutions to invest. The FED's policy can be one that supports fluctuating prices, but I don't fully put The FED as the main reason.

In the last 24 hours, the bitcoin price has crossed $29k. This is good sign of possible bigger move towards $30k. The problem is the $29k didn't last much longer as the price then crashed and stayed in the $28k area.
I would guess that the increases we have right now will probably result with even better increases in the future when these type of things happen. I mean not many people realizes this but the reality is that we should not really be worried about the 30k or so right away, as long as we go up.

If we can continue to look bullish during this period, that means that we are going to be increasing more in the future when something good happens, good for bitcoin that is. The interest rate being stable or even lowering is one of them so if we are not down to 25k but we are more close to 30k or slightly above it by the time that happens, we will see bigger increases.
1678  Economy / Trading Discussion / Re: Effective Approaches to Trading Cryptocurrencies for Profit on: March 30, 2023, 08:11:15 PM
There are many suggestions and tips people give to others who are trading cryptocurrency and not making profit, or trading cryptocurrency without making enough profit. One tip and a very effective way to approach trading cryptocurrency is to have the mindset of someone that want to know how to formulate strategies in a short time after you have started trading instead of someone that just accepts strategies from people without knowing how to formulate one for themselves. Understanding and knowing how to form strategies in the cryptocurrency trading market can give you an edge over people who depend on others for successful strategies.
Not knowing how to find what they should trade is the biggest trouble in the crypto world. Too many newbies follow big name twitter accounts and buy/sell stuff based on what they say. As someone who has seen plenty of them make people lose money, I can easily say that is the stupidest thing anyone can ever do.

And unfortunately there are still too many people who do it. When could those influencers be valuable? They could tell you what to buy, and you could actually go do your own research on it, and if you agree that it is a good coin to buy at that time after your own research, then you can buy it. So, it limits the amount of coins you should research.
1679  Economy / Trading Discussion / Re: What your opinion? on: March 30, 2023, 06:59:26 PM
I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .
It is highly recommended for every individual to invest, especially investing with bitcoin because bitcoin has the possibility of providing large returns in the future, you decide you want to trade but before that you need to know that trading with Crypto has a high level of risk because the price movement market is very volatile especially If the trading you choose is day trading, then it is very necessary for anyone to learn how to trade properly in advance so as not to experience losses when later facing aggressive market movements.
I agree that it is highly recommended, but I also would like to suggest people to first take a step back and check what they are doing. Because otherwise they are not going to end up with a good return, and that will be a big trouble when the time comes.

If you take a step back and check what's going on, see the big picture first, then you would be doing a lot better. I personally believe that the best thing to do would be making sure that it is not going to be a rushed decision, if you buy bitcoin then that's great, but if you buy bitcoin without taking a look at anything else, just buy it for buying case, then it wouldn't be a good decision to make, and I would say take a minute and look into what you are buying into.
1680  Economy / Economics / Re: Is some certain lifestyle a waste of money and time ? on: March 30, 2023, 03:32:59 PM
Actually there is nothing wrong when we get together with friends to have fun and release fatigue after we work all the time. But that doesn't mean we can do it all the time, especially if it requires a lot of money to do that fun. I personally too if I follow my own ego and don't think about my future I will do it even crazier than what the OP told me. But I thought again, I'll be able to use the money for something I need more than I spent it overnight.
I don't have a large income to do these things, so when I do it often, I will be confused about meeting my daily needs. It's like I'm complicating my life. But if you do it once a month at least, maybe it won't be too much of a problem as a form of self-esteem for what I do throughout the month.
I think the point is that, psychologically speaking we all need to make some money one way or another and need to spend it as well. If we all lived a very frugal life, meaning like if we all worked and earned an income, come to a small studio apartment, live on rice and ramen and pasta, drink only water, use public transport, never go outside, never eat meat or anything, do not spend money on coffee or Netflix or Disney plus or anything, just have a bad old second hand bought pc, and use neighbors internet, if we all lived that life, I guarantee you that you will be able to save a ton of money.

However, I would also guarantee you that 99% of the world would become crazy as well, and I mean certified locked up levels of crazy.
Pages: « 1 ... 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 [84] 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 ... 376 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!