Bitcoin Forum
April 27, 2024, 12:37:51 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25] 26 27 28 29 30 31 32 33 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 ... 110 »
481  Economy / Trading Discussion / Re: Bitcoin trading and gambling on: September 24, 2023, 04:28:56 AM
I agree that Bitcoin investment is really different from gambling. Now, what you say, "Only invest what you can lose," is a matter of choice for an individual if he doesn't know anything yet or doesn't have a deep understanding of trading.
Choices like "Only invest what you can lose," are very common choices for everyone who wants to trade. Even gamblers can and are willing to do things like that even though they will never be the same as real traders, because real traders are traders who are able to look after their capital well and bring profits to themselves through that capital. Even if the capital runs out and they don't get any profit from that capital, they are also very willing to do that.

Quote
We know that traders are different from gamblers because, obviously, most gamblers don't have any idea or knowledge about trading, so when they come into trading, they are willing to gamble to trade.Unlike a trader who has an understanding of trading, he knows if he will make money from his trading because he knows how to read which direction the prediction price to buy or sell will go.
There is a difference between knowing and not knowing about trading.
Well, I also really agree with this one because it is very clear that gamblers never care about the direction prices will move in the market. So they only risk their money on certain assets by hoping for luck and if they are not lucky they will try again as they often do in gambling, so it is very clear that gamblers and traders are different in terms of their abilities.
482  Economy / Economics / Re: 0-Dated Options Trading vs. Gambling: Which Packs More Thrill? on: September 24, 2023, 03:49:10 AM
Honestly both are very same in this case. If you are doing trading without any analysis at the back then it's more or less just like gambling. Coming to which could bring more thrill. I think trading would bring more because the outcomes are more, in gambling comparetively the outcomes are less instead.
Doing trading without analysis or without continuous research on the market will always end up being very ridiculous, because a job like trading is a job that really requires special knowledge and understanding of the market in order to get better and maximum results. So if there are people who like to trade without doing analysis or research and also don't have any knowledge about trading, that is called recklessness and is not a good thing to do. And another parable is as you said, which is not much different from gambling.
483  Bitcoin / Bitcoin Discussion / Re: I learned something new from Bitcoin today on: September 24, 2023, 01:43:06 AM
I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.

Actually there is nothing wrong with what you are doing, because you are capable and able to make money with $100 in capital through Bitcoin trading, which means Bitcoin can be your next concern and for your own future. Now, regarding gambling which may have become an addiction for you, actually the rather ridiculous thing is that the addiction is not about you playing and not winning or losing by spending $11.

Because I have also seen some people who only use gambling to relieve stress when they finish work or when they are not working, but they never get addicted to it because they already consider it just as entertainment, not to seek wealth or become a rich through this. So what you have to change here is just the addiction, although you will also be better off if you are able to stay away from it for the next days.
484  Economy / Speculation / Re: How much ,as you think ,is 1 bitcoin in 2025? on: September 24, 2023, 01:31:14 AM
Price prediction of bitcoin is really tough. Even the experts weren't able to come with perfect prediction based on the changing market. Over every halving there used to be big rise in the price of bitcoin. During the 2016 halving there is no big expectation and surprising move happened and price peaked above $20k. From that point people started to expect big on the next halving, and the same is being now the reason for a big price expectation for the upcoming 2024 halving which could drive the price movement till 2025 or even after that.
The reason this expectation is on many people's minds now is something that I think is very natural because everyone has probably seen how Bitcoin made its highest price after the halving occurred and it was very clear that it happened in the previous halving. So in the upcoming halving, this could also be the case, although the price could be different because currently Bitcoin is still below $30K due to the sidway level that is still occurring this month. And in the next month something like now is still very likely to happen again.
485  Economy / Economics / Re: Building wealth it's not just one time Luck on: September 23, 2023, 11:39:58 PM
I agree with you. Although it is very ideal that we can all be lucky and suddenly be millionaires it is just so impossible and very unrealistic. Hence, instead of just daydreaming about such unrealistic things happening it is better to act and do something that will help us get at least the goal we've been aiming for. There are just people who are more fortunate than others even in terms of luck, like winning the lottery, hence it is very unreliable and stupid to just rely on that. If we really want to be successful and have at least a good guarantee that it will happen we need to do something about it ourselves like working and investing, as well as improving ourselves every chance we get.
Daydreaming and dreaming without trying to make it happen through effort is very futile because in the end there will be nothing. In terms of achieving success, there is no exception for everyone who must continue to make their own efforts to make their dreams come true in their life, because success does not come automatically to everyone, even though everyone can hope for luck in their life. But it is always uncertain when it will come so everyone is always willing to try if they want to be more successful than others and I think this is no exception.
486  Economy / Trading Discussion / Re: Are memecoins tarnishing the image of crypto? on: September 23, 2023, 11:16:29 PM
Of course 95% of memecoin are scams now and the ones that are still alive are floating in the sea because they planned that in a bull market investors of their project would increase. Also you will find some good memecoin that entered the crypto market a long time ago and their investment community is very strong now so if you like memecoin then invest in those older meme coin.
From several facts that have been seen in the past or at the time when more memecoins started to appear, I also thought like this that there were very few good memecoins and there were only a few because these memecoins were already supported by their investment community. Old memecoins are much more famous than new ones so there will definitely be more competitiveness in old memecoins because new ones cannot compete when they enter the market due to very few enthusiasts.

Quote
Also i think it's risky for new investors to invest whether it's memecoin or any other new coin. It is very tempting for new investors to come in because they will just jump at the profit.
On the other hand the reputation of crypto investment is alive because there are many ways and types of investment so it is not only dependent on memecoin.
I also consider memecoins to be just a joke and nothing more than that, because if for example I had to choose a memecoin to welcome a certain moment, I would not hold onto it for long and would even be quicker to let it go if I had made a profit. And what new investors do in memecoin is also not wrong, because they often prefer to let it go when they see the profits from the memecoin they own. Because memecoins are not suitable for holding for long periods.
487  Other / Beginners & Help / Re: Journey of a newbie. on: September 23, 2023, 10:45:42 PM
I have always been confused about crypto currencies and how they work... how they are stabilised and regulated but with the present plight and constant devaluation of my country's currency, it's safe to say I need to learn, practice and own a safer landing, the banking systems are not helping with constant maintenance levies and network issues. I'm aware that there is no perfect place but anywhere with a more better solution is more preferable. Cheers to the beginning of a new journey.
No need to be confused about that, mate, because now you can find more explanations from people on this forum as well as from people around you who may have already known about all these things in the past. Apart from that, you can also read it on several websites which have been written and explained in detail about cryptocurrencies and how they work so that it makes it easier for you to read them quite carefully. You just need more reading to increase your knowledge about cryptocurrencies and how they work and you can get that here or on the two websites that I will recommend below.

488  Economy / Speculation / Re: Bitcoin - what are we expecting for the rest of 2023? on: September 23, 2023, 01:12:25 PM
I hope that as you say, of course that is what is desired because if there is an increase with bitcoin, all coins will also be able to move upwards, especially with potential coins. I may also have confidence that at the end of the year there will be improvements as well as preparations for the arrival of the halving era.
Hopefully there will be better price improvements at the end of the year because when the Bitcoin halving moment is known by many people, there will definitely be a feeling or urge to want to buy Bitcoin in order to welcome the halving perfectly. Because usually a better increase will be seen when the halving is complete or is caused by the confidence of many people to continue buying after the completion of the halving in Bitcoin.

Quote
But it is possible that this month and tomorrow there will be a correction, which usually occurs to prepare the impetus for Bitcoin to recover. There is still time as you say and there will always be changes that can happen and we are waiting for that.
Corrections of modest size will always be present in Bitcoin, but that does not mean it will make Bitcoin worse. Because the correction period is a time for everyone to be patient while buying again at a low price using as much capital as possible in preparation for welcoming the halving moment next year.
489  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is The Father After All on: September 23, 2023, 11:30:21 AM
It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.
Scarcity can indeed cause an asset like Bitcoin to experience a greater increase in price if the number of people interested in it starts to continue to increase at that moment. That is why experts say that Bitcoin holders are really looking forward to 2024/2025, because maybe that year is very vulnerable to the profits that many people can get, especially those who like to hold Bitcoin.

Quote
You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.
The influence of increasing Bitcoin prices in the market will always be there for other cryptocurrencies because this has also happened before when Bitcoin increased and reached ATH in 2021. So the effectiveness of the Bitcoin price is indeed very large for other cryptocurrencies and market conditions because when all prices is in the green zone, as if everything has changed for the better in the market.
490  Bitcoin / Bitcoin Discussion / Re: Moment of truth on: September 22, 2023, 11:16:52 PM
It's time to share your experience.
(choose one question and share your thoughts)

1. what helped you blend into this space?
What helped me to assimilate into this crypto space was my own desire to make money after knowing how it works. Because without our own desires, of course there will be no action that we will take even if other people repeatedly force us to work in a space like this.

Quote
3. what would be your advice to the newbie still trying to figure things out?
My advice to beginners who still want to find out about the crypto space and cryptocurrencies is to read more and not get bored every day. Because beginners need to know how it works and its direction clearly first before actually taking action in the crypto space, so read more about anything related to crypto to find out more.

Quote
4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.
I don't, but for other people I also don't know if they have that kind of mindset, because it is a very wrong mindset before one starts struggling with a better level of knowledge. So the better thing is to learn little by little so that we can expedite our own process in achieving the desires or goals that we set within ourselves through this crypto space, mate.
491  Bitcoin / Bitcoin Discussion / Re: Not banned, yet not accepted on: September 22, 2023, 10:41:15 PM
And I thought that this forum was intended for communication, not making money. Roll Eyes I would like to know from you. Why do you need these Bitcoins as a means of payment? Do you plan to use them to pay in stores or something else? I would like to consider the request in more detail. Is the national currency really that much worse? Everyone has long been accustomed to it and does not want to change anything, but you have a different vision.

There must be some reason for everything. One desire is not enough. Will this bring the results and prospects you are counting on?

I think people who love Bitcoin more than any national currency will treat Bitcoin differently even though that person will still expect better things from Bitcoin and I think that person will also not think badly of Bitcoin if Bitcoin is not accepted as payment goods and services for the whole world. Because such a person will tend to prefer to spend national currency rather than spend Bitcoin to shop for what he wants.

And if you want to consider this request in more detail, it means that you also don't want to just give up Bitcoin on things that are not that important or if this can still be done using the national currency. I am sure that those who receive Bitcoin, such as shop owners or companies for the goods and services they sell, are people who understand Bitcoin and have also invested in Bitcoin. If this were not the case, they would definitely not be willing to accept it as payment, especially if it were for goods and services that they sell generally to everyone.
492  Economy / Economics / Re: It ain't meant to be easy on: September 22, 2023, 12:45:19 AM
Doing hard work may not necessarily be able to achieve what we want, but it is through hard work that our desires can be achieved and we must do it based on what we already know, don't do work that we don't fully understand, of course in this case we won't be able to achieve what we want. Doing work based on the knowledge we have consistently and asking for luck will certainly achieve the success we want.
Hard work is a necessary part of business and is very important for everyone who wants success, even though after working fairly consistently there is no guarantee of immediate success because it is still hampered by the level of luck that each person obtains. But basically everyone doesn't have to stop working and learning about what they don't know and what they already know, because that is a basic effort that must be done by everyone who wants success.

Quote
You are right that everyone goes through a different process in achieving their success and there are those who are able to get back up after they experience failure and correct their mistakes so as to achieve success and there are also those who are unable to get back up after they fail.
This is also caused by the different levels of ability of each person when it comes to rising from the adversity they have experienced. Because if you see someone who is unable to rise from adversity, in fact someone who is down is not unable to rise again from his failure, but he also needs time to enable himself to continue to rise from that failure. Meanwhile, some people who are immediately able to get up immediately after failure are people who basically may have more support from other parties so that there is some kind of help that they immediately receive in the near future. So you should also be able to see a little difference in someone's rise from failure.
493  Economy / Economics / Re: How to reduce the price of goods on: September 21, 2023, 11:13:35 PM
Food prices continue to skyrocket in monopoly countries, which is not one of the causes because if you look at the Nigerian National Bureau of Statistics (NBS), in a new report, it is said to be due to inflation. The government should be present and not blame the sudden surge in demand and the sharp increase in higher import costs.
If this is caused by inflation, of course the government must move quickly enough to overcome this so that it doesn't drag on for too long because now there are several methods that can be used by any government to overcome the inflation that occurs in their country. Even though this will not disappear immediately, at least the government is willing to show its efforts to fight inflation to the public so that people's feelings can be a little calmer in such difficult conditions.

Quote
Nigerian authorities should anticipate that inflation will remain in the double digits, averaging 17 next year. This economist says high prices are eroding people's savings. Inflation continues to rise and this has pushed Nigerians into poverty. The reason why this is happening. Inflation that is making Nigeria so poor is the fact that food inflation continues to increase from one state to another, from month to month comparison and that is a result of the increase in the price of diesel.Because it is diesel that is used to transport foodstuffs and also the level of insecurity in Nigeria is also making the inflation rate increase. Algeria's food import bill remains one of the highest on the continent.
The increase in fuel oil such as diesel actually has a very bad impact on the economic sector because the increase in price can cause excessive transportation costs which can result in an increase in food prices which makes it difficult for all people. Regardless of the neighboring country Nigeria or the states there, I think the government needs to move to overcome this as quickly as possible because they themselves definitely know where the basic causes are so that inflation can arise there.
494  Economy / Speculation / Re: What is your anticipation on bitcoin market capitalization as for 2030 on: September 20, 2023, 03:09:12 PM
I don't wanna jump that fast mate because there are even longer that we need to wait like 2024 halving and the 2028 .
why jump fast in 2030 ? this is not that actually why we have to understand , instead we must develop our trust for the next halving.
why have you asked this? are you planning also to invest for that long term?
Maybe he already has the intention to invest in the long term so he asks for a price prediction which looks like a very far jump without looking at the two clear halving periods that will occur before 2030. But on the one hand I think that for now he is already thinking about predictions for the year 2030, our own brain and mental energy will be drained more because in fact everyone will also take advantage of the halving moment by ignoring things that are not important and still have more time to think about it after the 2024 halving occurs.
495  Economy / Economics / Re: Early Retirement [Pros and Cons] on: September 20, 2023, 02:52:52 PM
One more thing in my opinion, apart from not retiring early to maintain productivity, there is also something you need to pay attention to, don't think about retiring early if you are still single. It's a good idea to not only take into account your own cost of living targets but also take into account the addition of your partner and your children. Unless you want to stay single, that's an option.
I think the OP and also those who are single should consider the advice you say, because a pleasant life is when someone is married and has good offspring. And usually people who give advice like this are also based on their own experience regarding early retirement and single life, but it is good enough advice for everyone so that they don't choose the wrong choice in their life.

Quote
In my opinion, the passive income target is at least to cover living costs and for future investments, only then can you retire early, if you can build large assets. As long as you still want to be rich, and your lifestyle becomes simpler, your assets will increase. Because sometimes we have to think about retiring early so that our health is maintained. But there are also things like my friend who retired early from his job because he was focused on being with his family, apart from because he already had passive income. 5 months after early retirement he was stressed and sick, then finally consulted a psychologist. The psychologist said that because my friend was used to regular activities, when he entered retirement he had no activities, relaxed, relaxed, his body became sore. So don't ever retire, currently my friend already has farming activities, besides investing.
People who are thinking about early retirement usually have made more mature considerations in their lives so they want to choose that option because they feel it is much better for themselves and their income too. You cannot equate everyone's desire to retire early because not everyone has the same job and there are many people who have more than one job. So if all of that has been considered carefully enough, I don't think it would be wrong for someone who wants to retire early as long as he doesn't feel any difficulties in his life.
496  Economy / Trading Discussion / Re: Trading bots... do they work? on: September 20, 2023, 02:08:06 PM
Why didn't you even state whether you utilize a trading bot? The majority of people are aware that the trading bot is not profitable; the only individuals who use it are those who want to make money through trading but do not wish to engage in actual cryptocurrency trading.
It could be like that, but we also can't conclude everything like that because sometimes bots are also needed in trading, even if only to a limited extent. Because before the existence of trading bots, traders were also quite comfortable trading manually using the techniques they each used in the market, but now traders will certainly see how easy it can be through trading bots. So that they don't use it wrongly because not all trading requires bots.

Quote
According to my own observations, copy trading, AI trading, and trading bots are all the same; they're just used for the actual trades. This is because it seems like the platform is paying someone else to perform the work we should be doing, so we just pass the work along to them.
Expressions like that are quite reasonable, so even if a trader doesn't use copy trading, AI trading, and bot trading, he can still do his own work as before all of that existed like now. This means that these three things are just tools for traders which can be used according to their needs, although it doesn't matter if they are not used because work can still be done as usual.
497  Economy / Trading Discussion / Re: Trading or investment! What's your take? on: September 17, 2023, 01:02:27 PM
Since i got to know Bitcoin, i have noticed that the price will continue to fluctuate because of that i do both.. trading is not my basic but i continue to learn to be able to generate short and medium term profits from the trading activities that i do (i trade 50% of the bitcoin assets that i have), while the remaining 50% of the bitcoin that i have, i invest for my long-term profits, i have heard many predictions from several experts that the price of bitcoin will reach $1 million, i am sure of that prediction lol.
As long as you can still do both in your own way, I think that's a pretty good thing and there won't be any problems as long as you're able to do it. Moreover, if you have never made a loss from the work you are doing, surely your enthusiasm for continuing to do this is still so great that you immediately believe what experts say about the price that Bitcoin will reach in the future. And sometimes I also believe what the experts say, but not for the price of $1 million for one unit of Bitcoin because logically that will not be possible in the near future or in the next market cycle.
498  Other / Beginners & Help / Re: Getting the Right Information About Bitcoin and Don't Be Misguided! on: September 17, 2023, 12:41:24 PM
I think one of the biggest problems with people "buying bitcoin to get rich quick" is that there is a lack of understanding of what money at even a basic level. Most people don't understand that money is just a representation of our labor and that the current money (fiat) can be printed infinitely at no cost which transfers the value of your labor to whoever prints the money.
It seems you already know that Bitcoin and fiat money are two very different things, even though in certain countries they can both be used for payments. But Bitcoin is always different from any fiat money because Bitcoin has a supply limit which may not increase again in the future. However, when it comes to fiat money, it is always very possible to continue to increase it even though you have to follow the rules of the state which are written in the law.

Quote
Bitcoin takes that power away from money printers yet people don't understand this very basic characteristic of both fiat money and bitcoin.

I have decided to focus on educating people about the core characteristics of money in a way that they can understand. Once people understand money itself, they can begin to understand why fiat is a scam, and that Bitcoin is the best money in all of history.
It would be great if you could focus on providing that kind of understanding to all people from now on because currently there are still many people who don't understand what money is and what Bitcoin is so they still often think fiat money is better than anything else, even though Bitcoin is a cryptocurrency. can beat fiat money in all conditions.
499  Economy / Speculation / Re: Will there be a boom again? on: September 17, 2023, 12:11:38 PM
There is no prediction of what will happen to altcoins. So, which altcoin you will invest in is a big question mark. With the halving approaching, the most logical investment is to invest in Bitcoin. We do not know whether altcoin prices will rise or not, or rather, we do not know which altcoins will rise. So I think you don't need to risk your money. I think the best investment for now is Bitcoin.
Because the halving is on Bitcoin, it is not wrong if you advise other people to invest in Bitcoin even though on the one hand you are telling other people to forget about altcoins because currently there are so many altcoins whose potential price increase is also difficult to know when the Bitcoin halving occurs. So choosing something more logical like Bitcoin in my opinion is also the right choice for everyone at this time.

Quote
There are solid coins in the top 10, but we all know what can happen in the market. It no longer means anything for a coin to be in the top 10. It is best to invest in Bitcoin until the market regains confidence.
The average altcoin that is in the top ten in the cryptocurrency rankings is not a bad altcoin to buy, but if our goal is to make a profit in the halving, that means everyone has to focus more on Bitcoin first, not on altcoins even though altcoins are also often experienced an increase when Bitcoin started to increase its price more in the market.
500  Bitcoin / Bitcoin Discussion / Re: My passion on bitcoin on: September 17, 2023, 11:02:37 AM
It depends on how long they hold the bitcoins. I see people constantly saying that bitcoin is a good hedge against inflation but for those who bought bitcoin in 2021, the value of their assets is even worse than being eaten away by inflation. Bitcoin has dropped more than 60% from its ATH. To me, bitcoin is a good inflation hedge if one holds it long term for at least 1 market cycle (4 years). For those who hold bitcoin for 1 or 2 years and especially during bear season, it will not be effective against inflation as it can lose 50% of its value in a year. Gold is still a better bet than bitcoin in the short term.

I have also seen a reality that is very consistent with the facts in life where gold is still better to own for short-term hedging purposes. Because holding gold for any period of time is not suitable for expecting a lot of profit from it, as for Bitcoin I also really agree with the fact that you stated that in every cycle for four years Bitcoin always increases sharply so that everyone actually needs to hunt for Bitcoin when a downward cycle occurs and holds onto it until it meets a four-year upward cycle once again in order to take advantage before the next decline begins.

Because it is very clear that holding Bitcoin for a period of just one or two years with the aim of hedging and making profits is still less effective. This is because the cycle that occurs in Bitcoin is not every two years, but every four years as you said, but I just wonder why there are still many people who don't understand this. And even still blame Bitcoin when its goals don't get where they want it to after they held it for two years.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25] 26 27 28 29 30 31 32 33 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 ... 110 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!