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521
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Economy / Economics / Re: Good and Bad at the same time - Mega entities hold $ 14 billions in Bitcoin
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on: September 02, 2023, 05:10:03 AM
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There are good and bad influences from entities holding large amounts of Bitcoin.
You have already mentioned the good and bad effects and the consequences that could result if one of these things happened.
I don't think about the impact, but it will help the adoption of bitcoin.
If a bad influence happens, the market will surely crash and people will panic, which is the best moment to buy bitcoins.
And when good influences occur, market conditions will improve and cause prices to rise.
That's when it's time to take advantage of the moment that happened.
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522
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Economy / Economics / Re: Stable coin or having USD in bank
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on: September 01, 2023, 01:39:33 PM
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What if you divert the money you want to save into gold?
It will be better because it will not be affected by any problems such as inflation.
Once you have gold, you can rent a deposit box at a bank and store your gold there.
I prefer that to deposit in the bank, whatever the currency.
But saving in USD could be an option instead of saving in stablecoins.
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523
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Economy / Trading Discussion / Re: My experience as a beginner trader
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on: September 01, 2023, 09:26:55 AM
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If you don't learn much about trading and only rely on your current analytical skills, making a profit will be difficult.
The current crypto market has changed a lot and if you still don't want to learn more, you will miss the moment to make a profit, especially when the bull run comes.
Indeed, as beginners, we will often experience losses, but if we keep learning a lot, I'm sure we can benefit because we are trying to improve our ability to analyze the market.
Don't stop before you achieve your target and don't give up too early because maybe your next steps will determine your life changes.
Turn the mistakes you made the previous day into valuable lessons for you to be more advanced than the previous day.
Basically in trading or when someone wants to start getting into a trade then there are indeed many things that we must prepare first, I'm sure your goal is to make a profit and you may have seen some people out there who made it big so it's like telling you to get into the same field. But on the other hand you have to remember there is no profit without the risk of loss, so I hope for you and also probably for most of those who just came will understand all this, I mean learn all the things that can bring profit and also learn some limits to minimize losses. Honestly I said some of the preparations they should have, like you said keep learning and digging a lot of knowledge from the references you get. Do not let you become a trader who loses direction when you are in the middle of the road, so from now on set your goals and plan your trading plan. And the last one is the most important in my opinion, you have to train yourself to be able to make peace in any condition, don't let you be controlled by your own desires, because obviously when traders get out of control then they will experience a lot of losses there. I agree with you about learning everything related to trading because that can make us profit. Trading is not easy and we must have thorough preparation so we must be able to have good trading skills. And apart from learning about trading, we must also learn to deal with emotions because this also has an influence on traders especially when the market changes direction. We must rely on something other than advice from other people because that doesn't guarantee we can make a profit. |
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524
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Economy / Trading Discussion / Re: My experience as a beginner trader
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on: August 31, 2023, 03:45:48 PM
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If you don't learn much about trading and only rely on your current analytical skills, making a profit will be difficult.
The current crypto market has changed a lot and if you still don't want to learn more, you will miss the moment to make a profit, especially when the bull run comes.
Indeed, as beginners, we will often experience losses, but if we keep learning a lot, I'm sure we can benefit because we are trying to improve our ability to analyze the market.
Don't stop before you achieve your target and don't give up too early because maybe your next steps will determine your life changes.
Turn the mistakes you made the previous day into valuable lessons for you to be more advanced than the previous day.
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525
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Alternate cryptocurrencies / Altcoin Discussion / Re: Your altcoins for bull session (Between Rank 30-200)
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on: August 31, 2023, 09:40:20 AM
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Layer 1 altcoins will remain a good choice but bitcoin remains the best among the existing coins.
Many coins can go up, especially koi that are ranked 30 to 200, so it will be confusing for you to choose them.
Maybe you can focus on coins priced under $1 in the 50 to 100 only.
I still hold some altcoins and meme coins for gambling because meme coins still have a high probability of increasing.
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527
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Alternate cryptocurrencies / Altcoin Discussion / Re: About Altcoins Investment Experience
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on: August 30, 2023, 03:05:54 PM
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That is true if you choose bitcoin and ethereum as investment options. But I recommend choosing bitcoin as the main investment because ethereum could fall further even though the possibility is small.
Holding altcoins is tempting because of the possibility of making big profits during the altcoin season.
But we must remember that altcoin positions will always change in every altcoin season, so we must continue to analyze the coins that can replace the top coins.
Moreover, meme coins only provide profits for a short time and then disappear from the market and only the strong can survive.
So if you want the main investment, choose bitcoin because it has been proven to work well long ago.
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528
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Bitcoin / Bitcoin Discussion / Re: Bitcoin movement: my thought
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on: August 30, 2023, 10:11:39 AM
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Famous clubs, communities or other organizations can do it.
But it also depends on how the local government responds to bitcoin because if your country bans people from using bitcoin, it will bring problems to the people trying to promote it.
Another case is if bitcoin is allowed to be used by people and can be an alternative means of payment, this will encourage people's interest to try using bitcoin.
But we still can't force them to try using bitcoin because it depends on them.
We can only tell them about bitcoin now and then it will be up to them because using bitcoin is an option for them.
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529
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Bitcoin / Bitcoin Discussion / Re: Accepting btc of tuitions payments for College/students?
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on: August 29, 2023, 01:57:59 PM
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Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.
I don't know for sure, but after doing a quick search on search engines, I found this: https://www.missioncriticalmagazine.com/articles/94801-these-45-universities-accept-cryptocurrency-for-tuition
https://www.banklesstimes.com/cryptocurrency/resources/which-universities-accept-cryptocurrency/
https://topschoolsabroad.com/2022/06/21/list-universities-allow-pay-tuition-fees-bitcoin/
I don't know whether the university still allows payment of tuition fees using crypto or back to using fiat. You can search for a list of schools that accept crypto payments. There may be more lists of schools that you can get your hands on. |
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530
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Bitcoin / Bitcoin Discussion / Re: Here is a tight slap to bitcoin haters
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on: August 29, 2023, 03:40:21 AM
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There is no need to be surprised if there will be more fake news saying bitcoin is going to die or bitcoin is dead.
That's because there are still people who don't like to see bitcoin grow bigger and still don't want to join like people who have joined in bitcoin.
People who don't want to join will only regret it when bitcoin strengthens again and benefits those who still trust bitcoin and hold on to it tightly.
There is no need to pay attention to news that is clearly fake, especially since we have joined bitcoin for a long time.
There may still be a lot of fake news circulating to scare novice investors in bitcoin so they panic and sell their bitcoins.
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533
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Bitcoin / Bitcoin Discussion / Re: After all these years
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on: August 28, 2023, 12:10:24 PM
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Why should you be sad to see XRP partners with banks to make international transactions while bitcoin doesn't?
It would be better because I can keep the bitcoins for long term investment and use XRP for other things.
But I also don't use XRP for international transactions because I still don't need to use crypto for transactions like when I use fiat.
It all depends on the readiness of the government, banks and business actors because if only we as bitcoin users feel ready while they are not ready, it will also be of no use.
So for now, it's better for us to focus on making bitcoin only as an asset while waiting for a government and bank decision.
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534
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Bitcoin / Bitcoin Discussion / Re: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle?
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on: August 28, 2023, 04:24:47 AM
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Not many people can have $26,000 and are willing to use it as an initial investment in bitcoin.
Most people will start with a small amount of money, trying to learn it first and see the situation when they can buy again.
But if it is a bitcoin or altcoin investment, I still recommend investing in Bitcoin as the main investment while altcoins as an additional investment.
For when to sell the bitcoin, you can determine the next highest price, then sell it and switch to altcoins, but there are risks because you have to choose the altcoin, even though it's not easy.
But you can analyze the list of the top 50 coins, so there are not too many choices.
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535
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Economy / Speculation / Re: Is there still hope for the price of BTC to hit back $69k this year?
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on: August 25, 2023, 02:25:43 PM
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Who knows where Bitcoin price may end this year, it may go to 69k$ or may drop down below 20k$. We must stop thinking that what Bitcoin price will be after a certain period of time rather look for a long term investment. We cant predict with certainty that what price of Bitcoin will be after a certain period of time but as a Bitcoin investor we are certain that price of Bitcoin will go up with time. Buy Bitcoin and HODL, you will get good return in the long run.
We better hope bitcoin price will increase and reach $69k before the end of the year as the possibility for a huge increase is still there. We should not be pessimistic about the current situation because this is only temporary and everything will change for the better. And don't worry if the price stays like it is for a while, even if it has to be until the end of the year, because later we will see the price of bitcoin will increase again. The important thing is that we can still HODL bitcoin until our target price is reached. I do not think that we should be hoping for that, it would be way too much for it to get there and I think it would be smarter if we could end up with a different approach. It should be causing it to get to a point where we could make a greater profit later on if we keep it going, and I know that it will not be simple but it should be possible at least. I know that we are going to end up with a good return on way or another and as long as that exists, it shouldn't really be a big deal. I think the best thing in this case is to hope it ends higher than what it is right now, it doesn't have to be 70k, it just has to be over 30k, and as long as that happens, we are doing fine. Aim for realistic levels to be happier. It's okay to have hope like that because at least that's what can keep us from being able to hold on to our bitcoins until they can reach that high price. And with that hope, we will be enthusiastic to continue adding more bitcoins to get big profits in the future. But we also have to be aware that holding bitcoins will not be easy because there will be a lot of negative news that will appear to scare weak investors into selling their bitcoins at a low price. And those of us who have grown used to such news will not be swayed and will instead use the moment of the drop to buy more bitcoins. |
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536
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Economy / Speculation / Re: Is there still hope for the price of BTC to hit back $69k this year?
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on: August 25, 2023, 11:06:12 AM
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We better hope bitcoin price will increase and reach $69k before the end of the year as the possibility for a huge increase is still there.
We should not be pessimistic about the current situation because this is only temporary and everything will change for the better.
And don't worry if the price stays like it is for a while, even if it has to be until the end of the year, because later we will see the price of bitcoin will increase again.
The important thing is that we can still HODL bitcoin until our target price is reached.
All Bitcoin Hodlers want the price to go up but at the same time we need to be well aware of Bitcoin price volatility. I dont think current situation is much to worry about, its just a normal correction after a stability at 30k$. Such corrections are beneficial in a sense as they test the nerves of HODLers and made them more strong. For long term investor one need to be able to withstand such situations. When Bitcoin goes up everyone is excited but when it goes down we need to be patient. Yes, all bitcoin holders want the price to go up. But bitcoin holders also want the price of bitcoin to fall so they can buy more bitcoins. And I agree with you that there is nothing to worry about with the current state of the market. And strong hodlers will not be affected by the current conditions because they are very happy to see the current market conditions and have bought some bitcoins as their long-term investment. Yes, we have to be patient with this situation and rest assured, everything will end with a beautiful smile. |
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538
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Economy / Speculation / Re: Is there still hope for the price of BTC to hit back $69k this year?
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on: August 24, 2023, 01:11:44 PM
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Who knows where Bitcoin price may end this year, it may go to 69k$ or may drop down below 20k$. We must stop thinking that what Bitcoin price will be after a certain period of time rather look for a long term investment. We cant predict with certainty that what price of Bitcoin will be after a certain period of time but as a Bitcoin investor we are certain that price of Bitcoin will go up with time. Buy Bitcoin and HODL, you will get good return in the long run.
We better hope bitcoin price will increase and reach $69k before the end of the year as the possibility for a huge increase is still there. We should not be pessimistic about the current situation because this is only temporary and everything will change for the better. And don't worry if the price stays like it is for a while, even if it has to be until the end of the year, because later we will see the price of bitcoin will increase again. The important thing is that we can still HODL bitcoin until our target price is reached. |
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539
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Alternate cryptocurrencies / Altcoin Discussion / Re: Young people should take more advantage of the crypto space.
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on: August 24, 2023, 07:14:16 AM
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If young people can look for information about crypto in the right places, they will find many opportunities they can get to start working according to their talents.
However, young people are still interested in having a career offline because some think it is something they have always wanted.
If they can realize that technology is advancing and they can take advantage of that technology by learning, they will realize that the opportunities to achieve financial freedom will be more wide open because they can get many income opportunities that they can get.
Only a few young people want to start their careers online and still think that online careers cannot produce real results like offline ones.
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540
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Bitcoin / Bitcoin Discussion / Re: Don't wait for the bottom without buying in the Dip.
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on: August 23, 2023, 01:42:57 PM
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Most people will still wait for the bottom price and not start buying even though the current price is lower than yesterday's price.
But sadly, people will not know when bitcoin will bottom out and by the time they do, they will be behind because the price has started to increase and can't hit the bottom anymore.
They want to buy at the lowest price but don't place a buy order and wait for the price to hit the bottom before they buy.
I suggest buying at a lot of low prices but not too close together so that any dips that occur in the market can fill your buy orders so you won't be left behind to buy at the lowest prices.
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