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I'm prepared either way but would love to go lower until $12-15k so I can afford to buy 1 ETH. Most technical analysis I see says we could reach those price because of some global factors like tax regulations and continuous increase of commodities forcing some holders to liquidate their bitcoin. Altcoins would be more cheaper if that happens and that is what I am looking forward because I will be able to buy huge amount of them.
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It's been a norm that everytime it is bear market, people will say what the title is. They are afraid to buy during these times but willing to take a loan just to buy when most are euphoric. This market condition should be expected and people should learn that this is the best opportunity to buy bitcoin that can give them 100% profit from their investment once whales are done accumulating and bull cycle starts again.
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This type of question is like asking what number will come out in the lottery tomorrow. If people can predict the bottom price for bitcoin then no buy and sell will happen in the market. People will just wait for the bottom price to buy which is very impossible. Bitcoin will lose value if no one is buying or selling, there should be a constant exchange between the two. What we can do is just prepare more funds in case market goes lower.
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~snip
Thanks for onboarding me on this campaign icopress. Signature and avatar are all updated. Edit: My local board posts will be on Pilipinas or Philippines. |
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I will take the chance to be part of this campaign since some participants left, Your bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=874537Your current posts count (including this one): 3405 Amounts of merits that you earned in the last 120 days: 8 Your blackjack.fun username: xSkylarx Will change signature and avatar once accepted. |
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Is any hardware or software wallet which is safe to keep large amount of BTC safe and secure?
Hardware wallet is always the best choice to keep large amount of btc. It is more secure because it needs a confirmation on the device before making a transaction. It's backup keys are also unique and not stored online making it more difficult for someone to hack it. Software wallets are not safe when your device is compromised. Hackers can easily access your wallet and stole all your assets anytime without your notice. |
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And if you are in for diversification, and in addition to bitcoin investment you put some of your money into real estate, gold, and the rest, and only keep what can sustain you per month, isn't it investing more than you can afford to lose?
How do you go about this personally? I am asking because many people especially bitcoiners do not trust the banking system, with inflation and censorship problem, in that case does it mean that investing more than you can afford to lose is inevitable in this current system? Because your money is somewhere else, either bitcoin or other investment.
It is better to have many investments like gold, real estate, crypto, stocks, etc. rather than keeping your spare money somewhere safe. My mindset is like your money should also generate more money. I don't say that saving is bad but if you have $1m as savings, I would invest some of it on the things I mentioned. Your $1m by the time you will retire if you don't invest on anything would not be much because of inflation unlike if you have a real estate in a crowded place, you can sell it at a high price and get double or even more of your investment. |
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https://nftnow.com/guides/the-7-types-of-nfts-you-need-to-know-about/Based on this article there are 7 types of NFT. There are: - PFPs and Avatars
- One-of-one (1/1) artwork
- Generative art
- Collectibles
- Photography NFTs
- Music NFTs
- Gamified NFTs
PFPs and Gamified NFTs are the most popular right now. As a gamer, I like diving into games that involves web3 where they have Gamified NFTs that you can use or trade to players in their game. Some popular game companies now are adopting to that technology and this is a big step for the gaming community as players really have the ownership of their game assets. They can freely trade their NFTs through blockchain without the game company in between.
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Having many altcoins is not a problem as long as you study well the project behind that coin and not buying based on hype. Even if you have a small capital, it doesn't mean that you can't buy many altcoins. Having more or few also have their own pros and cons. Holding many altcoins has an advantage because your investment are more diversified reducing the risk of losing your capital in an instant but it decreases the profit potential if 1 of those coins pump hard while holding less than 5 altcoins is the complete opposite of that.
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~snip
Consider also that there is a market cycle. Last year bitcoin and some altcoins created a new ATH so it should be normal for the market to have a correction. Cryptos can't just always pump the way we want it, traders that bought early will always take profit at some point so we should expect a dump after pumps. The increase in commodity prices because of Ukraine and Russia conflict also affects the market because some people are forced to liquidate their assets in crypto. |
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If you have huge amount of assets in crypto, never store it on centralized exchanges or lending platforms. Your assets are in danger on those platforms if you plan to hold them for long term. Only put there are the amount that you will use on a daily basis.
Sometimes using a decentralized wallet isn't enough if your holdings are like 6 digits or above so using a hardware wallet is also a good option to help secure your cryptocurrencies.
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As the title says, only the value is their current loss or what we call paper loss. As long as they don't sold anything, their bitcoin amount is still the same. Once the market goes up again, the value will return to the price they bought and will even be greater if bull run will start. I'm sure the president of El Salvador knows the risk of having bitcoin and he is already prepared for that volatility before accumulating for their country.
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Stop loss is just necessary if you are doing leverage-trading to avoid huge losses or being liquidated. Having a stop-loss will ease your mind when you can't monitor your leveraged-trade. But if you trade on spot, there is no reason to sell at a loss unless you are experienced in trading and see the market will dip more so you sell your coins that time to buy more amount when its price goes lower. Hodling in this current season is the best choice for me if you aren't good at trading,
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If you are a business owner, you will have to ask yourself what's the point of accepting a currency, which is valued at 20K USD in the first year, goes above 60K the second year and it drops to 15K on the third year?  The business owners want stability and predictability and Bitcoin is anything else but stable and predictable. Adding BTC/crypto payments just to convert them to fiat money right away doesn't make any sense. The crypto demographic isn't that big, It's probably less than 0.5% of the global population. No business would break a leg and an arm in order to please a few hardcore crypto enthusiasts. Tesla is a "government baby", that would have gone bankrupt, if it wasn't the US government supporting them. I can't take this company seriously. There are businesses that accepts bitcoin just for the sake of bragging that they know about it. It boosts their popularity and attracts some customers that are also pro-crypto. There is nothing wrong if they convert it to fiat immediately, it is considered their profit not an investment. If they plan to make it as an investment then they should have a separate fund that will cover that bitcoins' current value in fiat so their business won't lose profit. |
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I am not sure how long this bear market ends but there are many factors that affects the current market sentiment. Covid19 pandemic still affects the livelihood of some countries. Many people are liquidating their investments on crypto preparing for the possibility of a global recession. Some says that crypto market will only recover again after the next bitcoin halving in 2024. Well for me, this is a the perfect opportunity to have huge gains for the next bull run. Accumulating at this price will give you easy 100% gain of your investment.
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but considering the current dump in bitcoin, assuming that the prices never goes up and bitcoin ceases to exist or looses value completely, will this forum continue to function?
How can you say that its possible for bitcoin to lose its value. What happening now is normal, people that had been here way back 2018 experienced much worse but this forum didn't stop to operate during those times. I don't see this website to shutdown in the future as it is a big help to anyone that want to start their crypto journey. Some members here can already be considered as an expert in some field of crypto like gambling or trading who can give advices to newbies. |
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If you can still live without touching your crypto assets during these tough times, then all you need to do is just hold them strong and avoid getting the negative sentiment of the market get through your emotion. These market cycles are normal and is the perfect time to earn some huge gains for the next bull run if you can still accumulate bitcoin and altcoins. Just don't go all-in if you plan to buy some cryptos now as the market sentiment is not clear yet. Many are speculating that we could go lower than $20k at this point.
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Ofc the ones to blame are the fraudsters. No way in hell is there a world where the act of scamming/taking advantage of a loophole is the right thing to do.
For me scamming is very different from taking advantage of casino promotion. I'll make an analogy for this to explain more properly: Scamming is like cheating, it's like using a 3rd party-tool to a particular casino or website to rigged their game for your own benefit. It's stated on their TOS that using those are illegal and can face some serious charges if proven to be guilty. While promotion abuse or exploit doesn't violate anything on the TOS making people not afraid to do it. It is the fault of casino owners because they did not review properly if there will be a loophole on their promotion. |
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what if one of your family (Father, Mother, Brother-Sister, or Wife) or relative (Uncle, Auntie) is addicted to gambling or becomes addicted? What do you do? Here is my answer as follows,
Best thing to do is bring them to a psychologist that will help them to lessen or escape their gambling addiction. It won't work if we just give advices to that addicted relative of ours, those experts know how to deal properly with gambling addiction. They could also provide some medication that will help the gambler to control himself from gambling. We should also help them guide through their way of addiction, we can make other activities that they like to do that will distract them from remembering gambling. |
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now, I have a question, do you think the man is entirely at fault or someone should also be responsible?
The mysterious gambler is clearly at fault there. That is some level of addiction that he didn't feel guilty for what he did. He did not think of consequences of what he will be doing, he just went to a casino and use the funds that was meant for Covid-19 relief. The town where he stole the funds did the right thing of not withdrawing the case even if he promised to return it. The family should also consult him to a psychologist or some rehab institution to cure his gambling addiction because if they don't, he might repeat what he did in the future. |
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