Latest posts of: justdimin

Quote from: EarnOnVictor on November 30, 2023, 10:16:10 AM

It's not just happening even as November is almost gone, it has been confirmed by many analyses that the bear market has been over since October and I even made my post on this last month (https://bitcointalk.org/index.php?topic=5471365.msg63042399#msg63042399).

If I must say, Bitcoin is very easy to predict, especially for those who are using long-term analysis to gather their information about it and it was easy to know majorly through the price action that the end of the bearish reign for this season has come. Although the coin had started the bullish journey in November last year, it was so turbulent to decide what it would do as it had its fair share of both bearish and bullish moments this year. However, the ETF saga eventually helped it to gain a sustainable bullish price action on the monthly chart which is what has been helping it till now. And going forward till next year, Bitcoin will remain like this and will continue to find a bullish path with minimal bearish retracement as the long-term trend is already bullish and such a trend might last over a year if a strong unforeseen circumstance doesn't happen. As it is now, I expect it to hover between $39,000+ and $34,000+ until the next year when the post-halving effect would drive it strongly northwards.

I have to say that is 100% right and I could go back even more and say that maybe even September was out of the bear market to be fair, looks like it could be something that is already growing back then as well. I understand October was the real deal, and yes it has gone up a lot during that period there is nothing wrong with that, but I think it's quite important to remember that we are talking about a bigger return here and that should be the case.

I think it is going to be a bigger deal than we have ever anticipated and yet we need to make sure that it's going to end up with a return that is not going to be all that crazy. Just realize that we are talking about being so high compared to just a few months ago, and that will make people feel amazing about the situation.

Quote from: Tony116 on November 30, 2023, 12:03:37 PM

If you have advised him to do what he feels most comfortable with then you don't need to say this. Furthermore, that amount is only worth $152, so the loss of fiat value won't affect him much. You shouldn't make him more stressed.

In my opinion, he should learn more about bitcoin to understand it better and then he will make his own decision, whether to continue holding bitcoin or exchange it for fiat currency. Bitcoin is really good when its holders understand it, but if they don't understand anything about it, it's best for them not to invest in bitcoin because investing in bitcoin, in addition to bringing profits, also has risks involved.

I think it's something that should be not really all that important in the end based on what people are doing, I get that it may not be something that changes all the time but that doesn't mean that we are not going to have it changed eventually. I think it's quite clear that people are doing things that doesn't really matter to anyone, and should be considering the situation a bit more.

I think it should be important to realize that we are not going to end p with a profit if we keep fearing what it might do, we just need to keep on holding and trusting bitcoin, otherwise selling and getting out is not a profit making method, if you sold and got out, then you are out, but if you hold then at least you have a chance to make a profit.

Quote from: letteredhub on November 29, 2023, 11:26:25 PM

Any one can be a millionaire gambling it's all about your skill and luck put together.

From the winning ticket of the gambler we can say this is not his first bet he has been gambling for long and had experienced several loses which we are not talking about we are usually focused on the winnings)successes of people in gambling not sharing the losses as we do with the losing's. My thought I want to express is that when you patiently gamble in a controllable responsible manner despite the losses you don't quit you still paly on responsibly there's a lucky day that will come for you that when you get that huge win you won't remember how much losses you have encountered.

If it's true that anyone can be a millionaire in gambling, I wonder why many of us are still poor gamblers? Cheesy

. I think there is no way we can see how many tries the gambler have done in order to finally get the win by basing only his tickets because there might be instances that even the matches are too much or the odds are too high, the bettor are lucky to hit them in their first try only.

Some are also lucky to hit them within a few tries (e.g 2, 5, 8, and, and so on...). Their number are only low though and maybe the OP is not among with them, so yeah, it is better to not hope for the same thing, and it's better to not focus only on the wins. It helps us to stay on our limits and lose less.

Quote from: junder on November 29, 2023, 05:31:12 AM

Quote from: maydna on November 28, 2023, 09:48:22 PM

Gambling is not just for rich people, but for everyone, and every gambler should have the idea that gambling is entertainment that requires luck, so they should not think that gambling is a quick way to get rich. They still have to work outside of gambling and can bring a little money to gamble and just enjoy their free time. That's all they can do, so they don't need to put pressure on themselves to try hard to win the game. Gambling will become entertainment when there are gamblers who only want to gamble with a certain amount of money, not exceed the limit, and do not try to win the game or recover their losses. These are those who can always position themselves well in gambling because they know that gambling cannot always give them a win.

I agree with what you said, everyone can do gambling as long as they have enough money to do gambling because the main thing about gambling is of course money. Even so there are still and maybe many who gamble with the aim of getting rich quickly, I don't know what kind of thinking, but of course this is wrong, if to get rich they should do a real job outside of gambling and work hard with the commitment of wanting to get rich that way they can go through the process, if to get rich quickly by gambling it is not recommended, because as you said entertainment that requires luck. If they are lucky they will get a win, if they are unlucky maybe they will become upset if they have the thought that the goal is to get rich. Few people have a good mindset about gambling by thinking of it as entertainment and not gambling excessively because many turn away from it. They must remember, excessive gambling can create an uncontrollable addiction whether it's thinking or behavior.

You are wrong when you say that the main thing in gambling is money. Actually, it is entertainment and even if you don't have a real money, you can still play via the demo mode. It is even possible to earn real money on it even if you don't deposit. You can just take advantage of the free offers provided by the casinos.

It is ridiculous if one gambles with the aim of getting rich quick. They don't know yet how notorious the gambling site is. It was actually the opposite thing that can happen to them. It is hard to be rich by working on a job alone and it is also tiring. And we all know humans. They are always lazy and only want's a shortcut on everything that they do.

Quote from: Bureau on November 28, 2023, 10:38:54 AM

I have never heard about this coin, while I agree that nothing can replace Bitcoin I am not sure why it is being compared with a pump-and-dump coin. I went ahead and checked this coin listing on coinmarketcap and found out that in 2021 it did pump. I guess it was because in 2021 we were having a bull run and at that time Bitcoin was creating a new ATH. That might be the reason this coin pumped to 200k level in the month of June. For now, I do not see good volume so it looks like this coin was used to trap innocent investors with the belief that it would pump more. In all probable scenarios looking at the present price, the founders have sold their coins and left it.

Same here. It was only my first time hearing this. Strange isn't it? If the coin truly pumps that high then why it wasn't in the headlines before, like any other big gainers? There is even a coin before who also surpass the value of BTC and it was always being talked about here in the forum.

Although its value is not high as this Zuga here. I can't totally remember its name but it goes like WyFi or something that has a Fi/Fy on its name. There might only be a glitch or visual bug that happened here in Zuga or the exchange/wallet where it was listed, like what happened to other coins that I see in the past. The second one is there is a strong manipulation that takes place quickly, even though many coins are also like this.

Quote from: tvplus006 on November 28, 2023, 12:41:30 AM

Quote from: Myleschetty on November 27, 2023, 08:16:09 PM

...Have you ever wondered why we never have a decentralized stablecoin in the entire cryptocurrency market?

It is obvious that you are not well versed in what you write about. Otherwise, you would know that there are not only centralized stablecoins on the cryptocurrency market, but also decentralized ones, such as DAI, USDD, USDN and others.

Bitcoin started the crypto and it was decentralized but it's sad that as the day passes by the idea of crypto being decentralized is diminishing. We are now being invaded by centralized sh8t. So there you have it, if there are centralized coins or centralized stable coins, then there must also be decentralized stable coins, and these are the ones that people should support, not those centralized ones because this is where we can experience a true freedom, just like what we attained when we use Bitcoin.

Despite of that, I'm still not aware that USDD, USDN, and the likes... have existed. I mean are they a new type of decentralized stable coins? Cool, but I will observe their performance first if they are also trusted and worthy to use other than DAI and the rest of the known decentralized stable coins.

Quote from: mindrust on November 29, 2023, 11:29:45 AM

Definitely not. If you are sure of the asset you are buying, why sell? You just need to buy more when it goes down. The more it falls, the more you buy. Actually in this case it is even better if the asset’s price is dropping because you can buy more for a cheaper price.

Let’s say you are in the real estate business and you have $10 million but no homes. Each house costs a million usd and you can buy 10 houses. After you bought your second home the prices took a nosedive and now each house costs $800k. That means you can buy 10 more houses with the remaining funds if yours ($8 mil).

That's the type of thinking an investor would have, not a trader. Traders like to buy and sell at all times, up or down, doesn't matter, they do not care. Investors like to buy and hold, if they trust what they are buying. This is why it's quite important to make sure that we are going to end up with something that will be profitable in the end.

I think long term holding is a lot more important and it is definitely profitable and should be considered as a good thing, but that doesn't mean that we have a right to tell people to hold. They will end up trading, selling AND buying which means that it could go down or up and doesn't really matter. I hope that it could get to a point where people could make some profit with it.

Quote from: Issa56 on November 29, 2023, 12:07:54 PM

Quote from: mvdheuvel1983 on November 28, 2023, 09:02:07 PM

A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable.

Its obvious that not everyone that call themselves professional traders are really making money. most of the people that call themselves professional traders are fake, whenever i see videos on YouTube and those people are calling themselves professional traders i just shake my head and laugh, i know most of them are posting those videos because of views and subscribers. That's why you will notice that most videos on YouTube will only show when they are in profits but will never post when they are at loss. Don't be deceived by the videos you see on YouTube, most of them are after their money.

Whenever I see someone claiming to be a professional trader and those people are still offering paid trading signals, I do believe they are not really a professional trader. If you are a real trader and you are making cool money in trading, you won't be wasting your time forcing people to join your group for signals. I have seen real professional traders organize seminars just to teach how to trade for free, they don't collect any amount from members that are interested, those are the real people I know they are making money from trading, and they want to impact others.

They are really not professional traders, the yare just signal sellers, that's their professional business. They do not make much money from trading, which means you will not make profit from following them, the real amount they make and their income is the signal payers, people who pay for signals make for their living. I have seen people who had over ten thousand followers, nearly all of them paid, and that means they made hundreds of thousands of dollars, and all he did was arrange a bot to post a message on a telegram group when something happens with an indicator, that's it.

This is why it's quite obvious that we are talking about people who have absolutely no idea, and they are not professional traders. If this dude was a professional trader, he could have taken that money and doubled it, and if not then they are going to end up being terrible for long time. I get that we may not see the situation changing a bit, but I think it should be a lot more important.

Quote from: shinratensei_ on November 27, 2023, 12:56:47 AM

simply know that emotion influenced trading and decision making will lead to a loss. moreover, the market might not behave like described in text book technical analysis there's so much thing actually that you need to know to succeed in trading, there's reason why many people out there are deiciding to retire from trading because they think they're not good enough and trading in itself is mentally exhausting.
basically you need to go against the people that have big capital, also those that posses the coin at large amount which are ready to dump whenever they like.
you need to contend against those and make your own feat by buying low selling high, therefore even though trading was being pictured as easy if youse those influencers its actually really hard.

Emotion may sound simple at first, but it was actually a big thing that can affect us in almost everything that we do. So we shouldn't under-estimate if, if we still don't know its importance. IDK if what textbook you mean but a legit guide will only tell the truth about trading and this market, that it was not 100% predictable and anything can happen, whether it's about down movement, being stable, or up.

Maybe they can miss out some lessons, this is why it's important to continue searching and learning, as that can help us to improve more in trading. Those who are feeling quitting were maybe had enough already? That decision isn't wrong but if we are still starting, we shouldn't quit easily.

Quote from: EarnOnVictor on November 27, 2023, 12:34:01 PM

Trading has never been easy, only that people often believe so but they get to understand the real deal when they start trading. Experience is the master here and I can remember when I newly started trading, I believed I could easily be gaining on the very first day of my deposit due to the anxiety that all the things I needed to know were easy and I had already known them. But I was wrong, the first $1,500 I deposited went off within 2 days, this got me angry and I deposited another $750 which was lost in just a day. It went on and on like that until I gave up and started learning and trading more. In short, the journey was never easy and even the money that was meant for other purposes was wasted just because I knew I would get the code that unlocks the success in trading. Guess what, I later did... Wink

.

But it took me more than 10 years of wasted time and resources. This is why I always advise newbies to be calm and focus on learning and training, and even if they would deposit at all, let them start with ridiculously low amounts. Not that they will believe they can just hit it big in trading at first, regret has always been the end result in such a case.

That's the trouble with newbies, there is this roller coaster ride when you are trading. You start thinking you are going to be just like everyone else, then you realize you are not making profit like others and you start to think you won't, if you can push through that period and do fine, then you start to realize you are going to make money after all eventually when you get better and better.

This is the hardest ride, because not everyone can do the same thing and it does hurt you in the end, if people start thinking they will make a profit, and they end up with not getting anything then they will be quite upset about it, but that's a risk and they should try to avoid that as much as they can, this turns into thinking they won't be making and will just lose, then that's going to be quite troublesome as well and won't be all that easy. I think it's quite important to realize the best you can do will be just focusing on what you could do eventually by studying hard.

Quote from: jasonjm on November 26, 2023, 03:17:15 PM

I think it is better to decide for yourself. It is your money, and the decision will impact only you and your family.
I know that it is very difficult to wait for a few years, but the wait will be worth it. I am of the opinion that you should hold your Bitcoin investment for a couple of years at least to get some healthy profit. The chances are that the price will reach a new ATH in 2025 or earlier. Store your profit in Gold or silver. You can also invest in liquid assets, but depositing your money in the bank will not be of any use in the long run.

He is confused and can't decide properly for himself, that is why he is here asking for what is the best thing to do. Before we invest, we should set up a goal so that the road will be more clearer for us. Each of us are unique, so some are already good with a small profit, and there is no need for them to wait for a year or two before they sell their coins.

The price of BTC is also unpredictable and can sometimes do wonders where it can pump high for a short period of time only. This can as well cut our waiting time even though our expectations is a bit high. Apart from diversifying his profits, I think it is still not wrong to put some in the banks.

Quote from: Wexnident on November 27, 2023, 11:09:50 AM

I'd say it depends on how much you DCA? I mean it might break the pattern but really, investing idk $40-$50 per week with $10 fees does not seem worth it since that's 1/4 of your total investment already. Maybe set a maximum in terms of fees so that you can guarantee it, and if it goes past that, just hold the money or something temporarily. If you can't hold it then actively look out for hours where the Mempool isn't as congested to get cheaper fees.

LN sounds good if you want to though. There are a lot of guides out there and there are also ones in the forum made by others as well. If you really don't want to break the pattern then I'd suggest go for that, but if you can handle breaking the pattern then it's up to your preference by then.

I would say when we are talking about putting in fiat, that doesn't really include that much money to do. I mean from my bank to bank account of binance to put up money, that is nothing, it's free and I do not spend any money at all. That means I have money at binance for free, now that I do that, I turn that fiat into bitcoin, and that only costs the trading fee as well.

This means, I can do DCA with absolutely no fee at all, just a small trading fee, which is less than a dollar. So, I can put up 50 bucks a week and that would be fine. I would still say go for it if you want to, sure transactions cost a lot but in this situation you are not having any crypto transaction. If you do have to, then suddenly that becomes a trouble and you would be right, you shouldn't have crypto transactions at that level per week, it would hurt your finances, but if you do what I said then you do not pay anything and you can do that. I know, because I have done that for years.

Quote from: YUriy1991 on November 25, 2023, 03:24:30 PM

Why do economists advise to be careful when trading Bitcoin currency because there are many mistakes made by beginners, especially if they are advanced, perhaps economists will say that BTC is one of the keys to success, at least Bitcoin fulfills five of the seven requirements as money and enters the good category. money.

Currently, there are still many who do not agree with BTC with various arguments. Bitcoin's value remains as long as users believe in using it and accept it as a means of payment even though the price is very fluctuating.

There are more reasons than it. We know them. They have a history of discrediting BTC in the past. So I think the hate is still there. If in case their concerns are now genuine, then thank you. It is only normal for a beginner to be like that, but the harder they fall, the more they become stronger as well. If they are now advanced, mistakes will now be minimized.

Success can be achieved in so many ways but if our definition of it is about being rich, then yeah, BTC is a good component of it. We shouldn't mind those who are not into BTC. They can only regret later on, and they can also decide to join here. BTC is volatile but it is not a disadvantage. This is why we are still here.

Quote from: hafiztalha on November 27, 2023, 03:16:09 PM

Quote from: slashz9 on April 23, 2023, 06:26:05 AM

because of all things related to the economy, btc will be involved, especially big banking news like that, and also bitcoin is well known to many people so that bitcoin has been involved in many circles.

Yes ,it happens due to celebrity. These are people which controls the value of Bitcoin . Because there are millions of followers of these celebrities and when any celebrity say anything about Bitcoin then people execute this and as a result Bitcoin price fluctuates. That is that of people on celebrities and public can't control their emotions. And when Bitcoin will go low, professional investers will come out and they will buy Bitcoin in bulk and they will hide for a long duration and they wait to increase value of Bitcoin . And when Bitcoin price is at peak ,they will sell their Bitcoin at high rates . In this way ,they are controlling the whole market. Elon Musk is one of them.

I do not think that bitcoin really went up due to any celebrity at all. I feel like we are talking about something that would be a little different, it feels like there must be something that could really change the situation a bit, and it will not be all that simple. I get that it may feel like there is a good chance it could change here and there, but that doesn't mean that celebrity people were the reason.

I think bitcoin is manipulated by whales, who have enough money, they buy small by small all year long, for years, and then when it's bull time, they wait for the right time, maybe spend a few million on making it look good and hyped at news, and then when the price goes up, they just sell it at the peak like you said.

Quote from: eightdots on November 27, 2023, 03:23:31 PM

Quote from: Bitstar_coin on November 24, 2023, 09:27:25 PM

I do agree with your statement, the world keeps changing and we needs to change alongside to quickly adapt the new ways otherwise we will be left behind. More than a decade ago btc came into the picture to revolutionize the financial system and introduced a new and alternative way of transactions, many people were against it initially but now people are willing to accept it just to keep up with this changes.

There are a lot of changes like this and people are trying to keep up. This process will progress over time because people over a certain age do not have the desire to engage in different pursuits in terms of innovation. Although some seem to be against innovations, as I said, many of them do not prefer to give up old habits. So I can't blame them either because they have habits that have developed over the years.

As time goes by, the process of keeping up with changes in the world will accelerate. Thanks to technology, innovations will be introduced and adopted by more people.

Douglas Adams (a famous author) has a great quote about this; Anything invented before you were born is natural order of things, anything invented between you are 15 and 35 is exciting news and you may make a career out of it, and anything invented after you are 35 is against the natural order of things. This makes me laugh when I read about it, and maybe nowadays the technology is high enough that it might be a little bit later than 35, maybe it's 40-45 years old now, but it's true.

Like I have seen crypto when I was younger and seen it as exciting and made a career out of it, and yet when I see the new AI technology people use in art? That feels like that's wrong and I do not really like it, that feels wrong. How come crypto is so normal to me and yet AI is not normal? Well, Douglas Adams apparently knows why I feel that way, lol. In the end, sometimes we may not like it, but some 15-20 year old kid will see it as great, and will create a great career out of it in the end.

Quote from: boyptc on November 24, 2023, 06:28:26 PM

Quote from: R100K-Martin-Lunger on November 24, 2023, 04:23:56 PM

What are your plans for the upcoming halving?

Nothing unusual but to keep on accumulating as well and try to keep away from the temptation of selling early.

I have got plans when I should sell and that must be after the halving and when it has pumped a lot. I have some numbers on my mind but whether they're reached or not, I'll have to decide whether to sell or not.

But even so, I am likely to sell no matter what happens because I have got some plans to buy something big for myself.

What if the pump came before and during the halving only? And after it, there will be no more? You know, correction, and market cycle. Oh well, as you said, you still have numbers written in your mind, so maybe you will still sell once they are reached and it doesn't matter if what occasion we are having. I'm curious BTW, if what is that thing you are planning to buy. Hmm. My guess could be a car or a house? Hehe.

Although there are also small items which can be very expensive. It was still fine, as it was a reward for our selves for the hardwork that we have done. Also don't forget to treat your loved ones. It should as well act as a celebration for another milestone that BTC have reached/achieved.

Quote from: lombok on November 25, 2023, 05:08:19 PM

The use of stop loss is generally used to limit the level of loss that will be accepted, usually stop loss is closely related to futures trading. Because of the high level of risk in this market, it is not surprising if losses occur that cause the balance to run out. Stop loss is intended as a loss limiter, we can freely determine the loss limit that we will receive if the market moves not in accordance with our trading position. Usually we will set a stop loss with a loss of funds that is afford to lose.

The amount set in stop loss is the amount that we accept we will lose, just in case our trades didn't go well or the price didn't go as we expected. Stop loss is only just a feature or a tool in trading but futures trading is another variation of trading, so both are not the same or related to each other.

The market itself is only unpredictable but the risk intensity will only depend on what we do. Well if we do trading, especially the futures one, then there is no doubt that the risk is greater than if we will only do a long-term investing. Other than using a stop loss and setting it on a moderate level, it is also better to use funds which we can afford to lose easily.

Quote from: nimogsm on November 24, 2023, 02:40:28 PM

Quote from: Romeotom on November 23, 2023, 06:14:36 PM

Yes for long time investment bnb coin best for all investors even this token price will increasing in the future. But if hacker community will attack again then they can face big problem with all holders. I couldn’t tell everyone for the next 5 years about bnb coin price movement. The price may down or up It's totally depends one the market demand.

Over the years of its operation, the exchange has formed a special fund in case of hackers or other leaks of funds. In this regard, the exchange has a reputation; remembering world problems such as earthquakes or floods, the exchange has always allocated funds for the victims, this indicates that the exchange has a good margin of safety. In addition, their main asset is truly attractive for investment.

I still think that years of operation will be nothing if they suddenly go bad. See what happened to other old exchanges and their coins? They are also no more now. So, we should not be fully confident and put all of our trust in to some thing. And haven't you heard of the latest issue of Binance?

We don't know what if that special fund you are talking about are going to be used to pay those fines Binance are facing now. World problem is not a problem of the exchange anymore but it's great on how they acted generously to help those people who are affected with it. I heard there are now earth quakes and other deadly calamities that occurred lately. It's only sad though that Binance may not help them for a while.

Quote from: arufox on November 24, 2023, 08:33:50 AM

I think, only meme coins can offer hedging benefits but a broader scope like Defi, meme coins, and privacy cryptocurrencies. All of them can act as safe havens against Bitcoin as their ability to act as a hedge and safe haven varies depending on whether the market is in a bubble or non-bubble period.

Hedging means to reduce risks. So how come it was the meme coin are fit for it when we know that they are very risky? Most DeFi projects are risky as well. Aren't you aware that lots of hacks and scams have occurred on them on the past? And this makes them to be weaker now. As for the privacy crypto, they are also being sued by the SEC. So, I don't think they are a good choice to hedge with our money.

Never heard any crypto to be honest that are being termed as a safe heaven other than Bitcoin. The market of cryptos can move up and down but no it is not a bubble as some people are claiming. If it's a bubble then why it survive this long?

Quote from: GAM ACHEH on November 22, 2023, 01:31:07 PM

Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

Before yes, meme coin is supposed to be for fun, but that have changed later on. Many meme coin creators have started to take it seriously. Either they try their best to grab money from their investors, or try their best to deliver a good working project and still hope to earn a decent income with it. On to your question if meme coins are worthy to buy?

Well, it depends on what type of meme coins they are, or if what is our goal. If we are only doing it for fun, then it can be worthy to invest on the original meme coins. Maybe they can also have the potential to rise, but that was only a bonus to us. For those who are serious of earning money, they can also prioritize it.