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1241
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Economy / Economics / Re: #HODLing is not a smooth journey
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on: November 25, 2023, 08:53:24 AM
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And those that who don't know how to evaluate the market looks smarter than those that are experimental with trading and didn't find any success on it.
There are times that the lesser efforts that we do is actually productive than of those that have been trying hard but they don't know what they're up to in reality.
That's why if those holders just hold because somebody said so and they have obeyed, I guess they're smarter than of those that keeps on trading without knowing how to execute it properly.
It is kind of ironic that traders supposedly try this activity as it is a way to obtain more profits than just holding your coins, but in the end the majority of those traders end up losing money or making way less money than what long term holders make, so long term holding is not only a great strategy to make money, Yes, most of the traders are losing their money and that's why it's hard to just trade and keep going on with it. You'll get tired eventually with that strategy and what you'll want to do is to make more by just holding. You don't need to do that much but as long as you have money to invest, you'll be fine in accumulation. it is also a very effective one as once you have selected the assets you want to buy, there is not really much for you to do anymore.
Definitely. And that's what we're doing by just holding Bitcoin. People still don't see why many of us are crazy in doing that and even advocating and telling them to just buy and hold it. |
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1242
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Economy / Economics / Re: When Was the Last Time you Came Across a Positive Economic News?
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on: November 25, 2023, 07:52:14 AM
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Don't watch on live television but watch on replays that they have mostly on their websites or YouTube channels. Skip the ugly news about economies or even the crime news.
Then, when you're able to skip them just listen to the good news that shares good vibes as well. Protect your peace and mental health by listening to the positive news.
I know it is important to listen to the bad news as well but, give yourself a rest too by not listening to them and simply skipping on those.
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1243
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Alternate cryptocurrencies / Altcoin Discussion / Re: Could this be a trap?
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on: November 24, 2023, 11:52:12 PM
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Based on the time that this thread has been posted and from the present time, it seems that it's not a trap for Ethereum. It's currently stable to $2k and that doesn't move a lot from $1,900 if ever some short correction happens. If you are so sure that the potential increase in the price of ETH will reach a new ATH later, then it is time for you to buy at the current price and then hold it until the ATH arrives in time. Opportunities will not be repeated twice, therefore, use the opportunity you have to invest so that you don't miss the opportunity to reap maximum profits later.
Right, there will be no better opportunities if being done right now. But this is also going to depend on your current situation if you're able to. Aside from seeing the potential of Ethereum right now and moving to a higher price soon during the bull run, think of yourself if you can afford to buy now. |
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1244
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Economy / Economics / Re: #HODLing is not a smooth journey
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on: November 24, 2023, 11:22:00 PM
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I believe hodling can be split into two categories: those who know how to evaluate and know the market, and those who do not. Many crypto investors rush in and invest without adequate understanding because someone told them to invest in crypto to make a lot of money. As a result, what Op stated is likely true for investors that lack expertise. Those that have wisdom, on the other hand, know when to sell and when to buy again.
And those that who don't know how to evaluate the market looks smarter than those that are experimental with trading and didn't find any success on it. There are times that the lesser efforts that we do is actually productive than of those that have been trying hard but they don't know what they're up to in reality. That's why if those holders just hold because somebody said so and they have obeyed, I guess they're smarter than of those that keeps on trading without knowing how to execute it properly. |
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1245
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bnb after next 5years
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on: November 24, 2023, 10:51:53 PM
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I didn't also thought that BNB would be great as what it is now. But with the sudden changes of CZ stepping down and being replaced by a new CEO. We don't know what's going to be on it for the next 5 years.
However, I'm still thinking of being positive with it and I think that there's still more for BNB to grow and its mother exchange and business of course.
But with decisions that can come from its new CEO can wholly change its course so it depends. Regardless of that, I'll still hold for some of my BNBs and will wait for the bull run and might sell it at a perfect price.
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1246
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Holders Hesitant to Sell Despite Price Surge
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on: November 24, 2023, 10:22:33 PM
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I can say that in every bitcoin halving that happens, bitcoin hodlers have also learned their lesson and would want better experiences with the next bitcoin halvings.
That's true, everyone has learned what comes next every halving. And this is not a secret anymore that we're going to get through the halving within 5 months from now. It is the reason why we're all holding because what we've seen in the past is what we're applying and not doing any stupid decisions from now on. Now, that the next bitcoin halving is set to happen by next year, then as much as possible they really want to maximize their preparation and hold their bitcoins as long as they want if its the only way they will gain life changing profits.
Yeah and even not maximum that we can get from it. As long as we get a decent profit from it is more than good from the past years that has passed. |
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1247
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Economy / Trading Discussion / Re: Trading can ruin you
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on: November 24, 2023, 09:52:17 PM
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Without a doubt, it can ruin a person, especially if the person is very gambling and has at least once felt the taste of x10 or x100, the main thing is to keep yourself in control and not trade on emotions, this does not lead to anything good and you are right in saying it, it can lead to the consequences of ruin and It may already be too late.
It is a gamble when you trade and you have no idea of what you are doing. That's what people are doing when they hear successful people and their source is exposed as trading. Those listeners think that if these people were able to do it, they can also do it as it looks easy to trade. The logic is very simple and that is to sell high and buy low, it seems easy right? But that thinking is just going to put them down because in no way that trading is easy. It sounds simple but complicated. |
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1248
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Economy / Economics / Re: No Correlation Between Academic Success and Financial Success
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on: November 24, 2023, 09:27:52 PM
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I think it's fine to start with academic when you're a freshy. That's normal for most companies as they don't have a background of how to work and what fields they have been in before. The academic achievements that they have is like the basis on how hard working they are as the school works are also tough to have with and having that principle of being responsible. But that doesn't really define someone's success and as we grow older, we're seeing the other side of success that most people don't see when they're younger. What we can do is to tell the younger ones that just do good in what they do and that will define themselves when they grow older whether it's from academe or financial success.
As you grow older and you do seem that you are doing something which it isnt really that making you progressive or something that could really have that life with having a good financial status then this is where you would really be starting to think that you should really step up your game. Its true that when we are still young then we wont really be that minding much about those future things and it turns out that when time passes by then this is the moment that you would really be making out some realizations that you should have done something when you are still young. There's no way that we could be able to turn back the time and its really just that normal that we should really be that attentive on whatever changes that we do really need to come up with. Academic success doesnt automatically means that you would really be successful in life. Yes, its not everything but it is really that something more better compared into those people who arent. You would really be having the advantage among others, further success will really be mattering on how you would work hard for it or on able to achieve it, you wont progress if you wont really be making risks or trying to move or risks out something. That's proven that academic success won't be enough to prove that you can be successful in life. But it's a good start and already an advantage from the rest. What you must do is to keep doing good from every aspect of what you do bringing those lessons you've learned in the academe. And there are better people that we're going to meet and they did even slack during their school days and that's one big slap on the face of those successful in the academe. Well, reality sucks but that's how it goes. |
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1249
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Economy / Economics / Re: No Correlation Between Academic Success and Financial Success
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on: November 24, 2023, 08:47:18 PM
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I agree, I've got high school classmates that were geniuses and then I don't know what they're doing right now. But I have seen some of them that didn't do good during college because they don't have money and they failed to avail scholarships. From that point, those failed classmates of mine have managed to come back because of that experience. While those geniuses that have afford to graduate and managed to be successful academically were top runners and achievers and got their employment. And those that didn't reached to college due to their unfortunate situation managed to learn the real world and life and helped them to achieved financial success through their hustles.
Well, people still believe that Academic success is a necessity if you want to get a job as a career as no company will hire you if you do not have a good academic record. This is just one side of the picture, where academic success is absolutely necessary. On the other hand, if you need to have financial freedom, then you should start your own business, and be your own boss, and in this case, even a moderate academic success can be fair enough. Though knowledge (academic) is always good, you do not need to pressure yourself that if you fail in your academic career, you will fail in your financial life. If you are a businessman, you will know that success in business does not need success in the academic stage of your life. I think it's fine to start with academic when you're a freshy. That's normal for most companies as they don't have a background of how to work and what fields they have been in before. The academic achievements that they have is like the basis on how hard working they are as the school works are also tough to have with and having that principle of being responsible. But that doesn't really define someone's success and as we grow older, we're seeing the other side of success that most people don't see when they're younger. What we can do is to tell the younger ones that just do good in what they do and that will define themselves when they grow older whether it's from academe or financial success. |
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1250
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Economy / Economics / Re: No Correlation Between Academic Success and Financial Success
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on: November 24, 2023, 07:56:55 PM
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I agree, I've got high school classmates that were geniuses and then I don't know what they're doing right now. But I have seen some of them that didn't do good during college because they don't have money and they failed to avail scholarships. From that point, those failed classmates of mine have managed to come back because of that experience. While those geniuses that have afford to graduate and managed to be successful academically were top runners and achievers and got their employment. And those that didn't reached to college due to their unfortunate situation managed to learn the real world and life and helped them to achieved financial success through their hustles.
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1251
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Holders Hesitant to Sell Despite Price Surge
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on: November 24, 2023, 07:25:03 PM
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It's because that we're about to see the halving in the next few months next year and that's why many are hesitating to sell their Bitcoins.
The effect of it is going to be greater and the price is believed to be higher than that when we're done with it. The cycle and the thought of what can happen next afterwards is what making most of us to hold a little bit longer and we're not willing to sell at any point, at least selling in bulk.
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1252
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Alternate cryptocurrencies / Altcoin Discussion / Re: Why we need to buy meme coin?
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on: November 24, 2023, 06:46:38 PM
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Meme coin is a coin that has low capitalization because the project has just been registered and is still in the development stage by the project team, but you need to know that memecoin has an extraordinary sensation so it can provide huge profits for its holders, but meme coin also has very high risks, therefore it is best to choose memecoins that have potential such as AI, SHIB, and DOGE. Currently these three memecoins have great potential,
If talking about the potential, I should still say that let's all just stay with Dogecoin. This is the OG of the meme coins and even there's a coin now named meme coin, you don't have to get into these meme coins just because they are being thought by people to have a greater potential. You're just going to be hype with it but that's how it goes when you're a risk taker because all of them requires risk and you have to take it upon purchasing any of those. But if you think that you're going to mostly focused with meme coins, you need to get some refresher course IMO. |
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1253
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is exchange based tokens worth for hold?
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on: November 24, 2023, 06:06:46 PM
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I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too.
In that case, choose the best exchange tokens instead so that you'll have no problems with them. And the known exchanges with those tokens, they're going to maintain it not just for themselves but also for their investors. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.
That's likely to happen during the bear market and not during the bull run. We are seeing a lot of categories of altcoins that are going to pump by this time and then after the bull, that's when many of them dies. |
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1254
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Alternate cryptocurrencies / Altcoin Discussion / Re: Hacks in November
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on: November 24, 2023, 12:33:37 PM
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All of these happened this November? That's a lot, most of them I have never heard any major news.
Are these signs of bull runs? No. I don't think that hacks should be indications that we're already in the bull run.
And that is because even when we were on the bear market, there were hacks already and these hackers don't choose a season to hack a project.
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1255
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Alternate cryptocurrencies / Altcoin Discussion / Re: coin memes don't have a project? Is it worth buying for the long term?
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on: November 24, 2023, 01:43:53 AM
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Elon Musk didn't support the use of Dogecoin. He just put it into hype because it is obvious that he has bags of it. And by the time that he was able to successfully shilled and hype it, that is when he has took profits from it.
People think that he does it for fun while it is true but, he wont just do it for fun alone but he has also done that for making quick money out of the market and that is why he loves doing it and likely to do it again this coming bull run.
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1257
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Best copy trading platforms?
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on: November 23, 2023, 11:20:16 PM
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Etoro is the one that I know that has this system first before any exchanges have been into existence. They're not yet in crypto before but they already have this feature of copy trading. And now that they are into it, I am also suggesting it to the people that thinks of copy trading.
It sounds easy to get into copy trading but you need to study more of them because not all the time, the ones that you're copying are winning. It's nice that they have the support for some cryptos already so that checks them out.
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1258
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Alternate cryptocurrencies / Altcoin Discussion / Re: Web3 Platforms Connecting Users with Opportunities
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on: November 23, 2023, 10:40:11 PM
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I think I saw one but it's on the solana network. What you just have to do is to keep looking for those platforms based on what you're thinking about incentives that gives to their users by holding a certain crypto. It's a common thing for many platforms and all you have to do is to keep looking on them and basically, the more quantity you hold for that specific token or crypto, the more rewards you'll get. I think something like this should be created. That is, if it's not in existence already. Your thoughts?
There were many already but it's not that too popular so you have to do your own research. |
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1259
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Alternate cryptocurrencies / Altcoin Discussion / Re: We should start looking into Altcoins
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on: November 23, 2023, 09:48:13 PM
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The Liquidity pouring into BTC will eventually start pouring into top altcoins and we can already see it happening with likes of $SOL , LINK , $INJ etc making massive moves !
The obvious play here is to learn and leverage on top altcoins to buy
Or it is the opposite. The liquidity that is into altcoins will definitely flow to Bitcoin when the bull run has started. But you're right, if you're a trader or short term investor. You have to look at these opportunities for you to take advantage of it. Look at SOL, it's one of the best performers for this year and we're not ending yet and possibly there's more. But before you start looking into altcoins, you have to look to Bitcoin first if you don't have a few of it yet. |
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1260
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] KASPA (KAS) - GPU PoW - ghostDAG
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on: November 23, 2023, 11:58:24 AM
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is KASPA going to be just POW like BTC ffor the rest of its life and not going to turn into a L1 project sometime in the future?
Hopefully it does and the dev should in no way think of migrating it from PoW to PoS. And this is the reason why it has gained its popularity because after Ethereum got out of PoW. Most of the miners have looked for continuation to mine and they've found it with Kaspa. it looks like it grew so fast already and us in the crypto community are not even aware of this project coming out live. i only notice this when its not $0.14 and it is already up on the 27th on CMC. i'm seeing hash will continue to grow. this isn't an ASIC resistant?
That's true, well, we will know it by then when the hash gets higher together with the difficulty. That's always the case with such rising stars in PoW scene. They are adapting to the situation. |
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