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Author Topic: Soo, bitcoin is now over 70K  (Read 660 times)
ineedhelpplease (OP)
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March 14, 2024, 07:28:51 PM
 #21

I really hate using the forums reply feature but

I never used FTX, but back then I was stupid enough to trust a gambling site to keep my funds safe because they were welcoming and friendly all around. I know better now (and no and i’m not a gambler, they had a NFT section where i earned thousands by buying and selling nfts)

My mistake was depositing using a websites address, and that website their team chose FTX for their wallets and due to anti laundering checks they sent it back to the most recent depositing address. I’ve actually never owned anything to FTX but my money was sent to the companies address and if they didn’t use FTX i would have gotten it back, rip

I did hear about the “Not your keys not your bitcoin” in 2022 actually but I had no clue what it meant. It was literally here https://m.youtube.com/watch?v=p9jhS84WOK8

Only reason why i’m not immediately moving to a different wallet is because currently I only have $22 in crypto since most of it is spent in other assets. I’m not getting a huge amount of crypto anytime soon and I will be learning this stuff alot more before I receive any huge crypto payment again. If exodus ends up dipping I won’t have much stored and not care about loss. If I ever do receive a huge sum of crypto again i’m definitely getting a secure wallet and not using anything stupid. And not using exodus either to store em.

I did have something for litecoin that was most likely a 100% safe wallet back in 2021 but I lost it when my old pc randomly died. Sad

I hope everyone here lives a great life.
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March 18, 2024, 02:04:20 PM
 #22

Quote from: SamReomo
Yes, Bitcoin is over $70k, and even over $72k to be precise. You have lost your holdings because you kept it in a custodial wallet of an exchange which is not recommended at all. If you have withdrawn your Bitcoin at right time in your own personal wallets then now you would be enjoying $12k, if you had hold it till this day. But, well we always learn lessons from our mistakes and I believe you also learnt your lesson which is to never trust a custodial wallet with your money.
But the price has fall down to $68k few days ago, but there are some signs that the price will still rise higher above $72k to let the remaining hodlers to start selling their BTC to make profits and, those that loss their BTC in the exchange wallet will not be happy to themselves for the mistakes they made to live their BTC in the exchange wallet.

I know that such thing will not happen again to such person than to use electrum wallet to hodl the BTC for long before he will release them to exchange wallet to sell to make profits that will make him to remain in BTC investment to recover his loss.

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March 18, 2024, 02:34:42 PM
 #23

Well, that's the consequence of putting your money somewhere that's not you that's in control. This is probably the very manifestation of the phrase, "not your keys, not your coins." I know that it's such a sad affair for OP right now but you'll have to remember that you can probably file for the stolen bitcoins because there's definitely a lot of people that's going to be filing for claims and they're not going to be backing down without getting anything back from SBF, I hope that while the justice system deals with them, you'd be able to get your money back.

May let this be a lesson for everyone that if this can happen to OP, it can probably happen to you. Just put your coins to your own wallet, it's not that difficult to have your own wallet and store it, don't mind the transaction fees because it's inevitable that you're going to encounter them no matter how much you avoid them.
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March 18, 2024, 02:40:18 PM
 #24

Btc made a new ath before halving and am wondering how many people are in regret not buying below 40k ish  Grin
What I know is - btc is unpredictable, the coin keeps surprising the community.
It is exciting to see how the market has been pumping these past days.

It is sad to hear what happened to you, too bad you kept your fund in centralize platform when it was said several times never to leave a huge sum on exchange when you are not in control of your funds. Hope this is a good lesson learned.

wiss19
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March 18, 2024, 03:36:42 PM
 #25

Checking your old wallets and transactions and comparing the values from when the transactions were done with the current value is never a good idea. That makes you regret and have remorse for things that you shouldn't be remorseful about. If you had some Bitcoins way back and you sold them so that you could spend the money on something useful, you didn't do anything wrong by doing that because you didn't know its value would reach a significant height some day in the future.

Gambling is a different thing because you will always regret any money that you have lost in gambling, but if the transactions you find in your wallet were for other things and those things were important and useful for you at that point of your life, then it is better we don't regret that and stay focused on what we have in present instead of living in the past.
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March 18, 2024, 03:46:17 PM
 #26

If I ever do receive a huge sum of crypto again i’m definitely getting a secure wallet and not using anything stupid. And not using exodus either to store em.

why not have a more decent wallet to store your assets first? even though you might think you don't have enough assets to keep in your wallet. but you have to think about how you store the assets you own safely.
If you have enough experience in this matter, I think you can consider how important it is to have a personal wallet if you have crypto assets. Don't put it on an exchange or in a casino.
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March 18, 2024, 04:02:48 PM
 #27

If I ever do receive a huge sum of crypto again i’m definitely getting a secure wallet and not using anything stupid. And not using exodus either to store em.

why not have a more decent wallet to store your assets first? even though you might think you don't have enough assets to keep in your wallet. but you have to think about how you store the assets you own safely.
If you have enough experience in this matter, I think you can consider how important it is to have a personal wallet if you have crypto assets. Don't put it on an exchange or in a casino.
I also quite agree with what you say, because if someone is familiar with crypto and the types of crypto assets and is experienced enough with storing assets. Of course he must have a personal wallet that is truly safe and that must be properly guarded because that is an initial consideration for himself, so it is very true as you suggest that it is not appropriate to store crypto assets on the exchange or in any casino even if it is not will disappear in an instant. However, it is very important to take this into account because this concerns personal assets that must be looked after very well.

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March 18, 2024, 04:42:20 PM
 #28

I think you can consider how important it is to have a personal wallet if you have crypto assets. Don't put it on an exchange or in a casino.
Very true, keeping one's crypto assets like Bitcoin on exchange's or casino's wallet is always a risky thing. It's always preferable to have your own personal wallet where you control the keys. It's a common saying in crypto world that "Not your keys not your coins," and if someone knows that then they will never keep their crypto assets in an exchange's custodial wallet or a casino's custodial wallet.

Only those who aren't aware of such thing may trust an exchange or a casino with their assets. Such people will always regret their decisions because it's not worth it to keep your own assets in someone else's control. Be your own boss and keep your assets in your own wallets then you will never regret, and whenever you want to sell your assets for a profit, you can do that without someone else's permission.

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BITCOIN4X
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March 18, 2024, 05:05:27 PM
 #29

Btc made a new ath before halving and am wondering how many people are in regret not buying below 40k ish  Grin
What I know is - btc is unpredictable, the coin keeps surprising the community.
It is exciting to see how the market has been pumping these past days.
Prices will rise over time, so don't regret anything you haven't done before, but try to do it when you have the chance now. There are always people who regret many things in the past, but basically they can no longer change them but they can wake up and try their best next time.

It is sad to hear what happened to you, too bad you kept your fund in centralize platform when it was said several times never to leave a huge sum on exchange when you are not in control of your funds. Hope this is a good lesson learned.
Yes, that is a known consequence, but many people still believe in things that are centered. Centralized exchanges promise security but they never guarantee you not to lose anything in the future. If you feel safe with all of that, then of course you should no longer worry about anything that happens in the future.

I trust centralized exchanges to a certain extent, meaning I wouldn't put all my money there especially if it was as a long term investment. Not your keys, not your coins, that is a slogan that should be taken into consideration by anyone investing in the long term.

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March 18, 2024, 05:43:15 PM
 #30

I'm sorry the op lost funds in the past due to the FTX crash. I've never lost Bitcoin this way, but I did lose some Ethereum early on by making the same mistake of trusting a centralized platform with my funds and assuming that their popularity meant they were reliable. But what's important is to learn from our mistakes and not dwell on them too much, I think. You can't change the past, but you can make better choices in the future. So if that story taught you something important, it's okay that it happened. Losing money isn't the end of the world.

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March 18, 2024, 09:14:17 PM
 #31

I can understand your frustration about losing your funds. I didn't lose some funds a couple of years ago by investing in a shitcoin. Still, sometimes it gives me pain when I remember that. However, I am very careful now about my investment. I'm not going to invest in any shitcoin ever, and I won't regret it. I had faith in Binance for trading, but right now I have a problem with them. They temporarily suspended my account for some reason, and they need 30 days to investigate. Still, I haven't posted details on the forum. I will wait for their final decision. But from now on, I would refer to using Dex for trading as well. Trading on CX is more risky since I have trouble with Binance already. 

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March 18, 2024, 10:58:33 PM
 #32

What if it never drops hard? What if you keep waiting but it keeps going on? Don’t waste the opportunity if you have it. I also believe there’ll always be a bear run coming in and out of the market but look closely at the chart. Despite the bear run, Bitcoin is going higher than always. Invest what you can afford to lose but don’t delay if you have the funds. Anything can happen, good or bad.
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March 19, 2024, 10:39:31 PM
 #33

I checked all of these old transactions I made like yesterday or the day before. a 14.6k transaction was now 44.8k and a 9.4k deal is now 28k+.

And what I lost to rollbit sending my money to a FTX address went from 4K to now 12.1K. Like wtf

^Fuck FTX they are robbing [words i cant say on this forum] and they are the reason why I lost it, now my money is to the government. Just know if Scam Bankrupt-Fried was with me IRL he would've given me my hard earned funds and maybe extra back to me long ago. My mental health has a whole lot to say to him.

People have lost worse sure, I've done almost everything I could to get it back ever, but any loss still sucks sadly. And nope I aint gonna be checking for the new value of the lost funds.


Other than the sad losses that people have been scammed out of or lost due to bullshi, you should also check your wallets and see how much your crypto deals/transactions have drastically gone up. If you disposed your crypto long ago, don't be sad since you most likely weren't going to keep that crypto for this long anyway or predict it. It's insane to see how much crypto has increased but if you missed out and are stressed about it then don't be since it will eventually drop hard as always (no disrespect to anyone holding).

Bitcoin price touched a high of $73.5k, Bitcoin price surged so much recently that it set a new record high. This year is the year that the halving will take place, so the rise in the price of Bitcoin has created a different investment opportunity for investors. Investing in Bitcoin is so profitable that one will only realize that the investment has been accumulated for a long time. The longer you keep your investment, the more benefits you will be able to reap. And if you wait until 2025, your investment is likely to grow three times the current rate of Bangladesh.
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March 20, 2024, 06:39:37 AM
 #34


Exodus wallet is a ticking time bomb, and I advise you to pull all your funds out NOW and put them in Unstoppable or Coinbase Wallet or something.

There have been too many instances of crypto mysteriously vanishing from people's accounts in the form of outgoing transactions to unknown addresses. Also never use their built-in exchange feature - that is a KYC "document-rugpull" trap.

In the community I'm most active on most people use exodus and recommend others to use exodus to others all around. (No one there is a crypto expert not even me) The first wallet I used was Blockchain or something and it was fucking horrible, it gave me a huge fee for a $900 transaction and pissed me off so much. Someone in the community recommended me exodus almost 3 years ago and I started using it ever since, I was happy with low fees and a more organized view and was able to understand some of the basics overtime with exodus.

I too use exodus among others and so far i see no problem as I use it.
It’s incredibly easy to check the coins I am holding and see the market for each time period.
I also did not go through a hard time when transferring or buying or selling my coins
in the exchange.

Exodus is usually recommended to beginners due to its friendly interface.
Might just keep using it as long as my coins don’t exceed at least the $500 mark.

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WatChe
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March 20, 2024, 07:02:13 AM
 #35

Btc made a new ath before halving and am wondering how many people are in regret not buying below 40k ish  Grin
What I know is - btc is unpredictable, the coin keeps surprising the community.
It is exciting to see how the market has been pumping these past days.

It is sad to hear what happened to you, too bad you kept your fund in centralize platform when it was said several times never to leave a huge sum on exchange when you are not in control of your funds. Hope this is a good lesson learned.

Bitcoin was under 20k just few months back and those who bought at that price are having fun this this bull run. When Bitcoin goes take low people start speculating that it's end of Bitcoin but the real one start accumulating Bitcoins on such dips. Unless you don't have faith in Bitcoin you won't buy Bitcoin during such large dips. Bitcoin was at it's ATH few days ago and now Bitcoin is going towards 60k, so we need to keep this in mind that Bitcoin price is highly volatile and we need to keep our self updated to buy/sell at right time. 
bluebit25
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March 20, 2024, 08:33:26 AM
 #36

Past experiences help us become a lot more mature, there are things that I used to blame a lot on my journey into crypto, scams are quite frequent but it only increases patience. I sold bitcoin for cash in 2013, but at the time I wasn't aware of how special bitcoin was, and over time I didn't regret it but rather grew attached to the market.

Taking advantage of the opportunities in the bitcoin space depends on each of us, from micro to macro factors, we are all part of the space, the stage has some happy people and some sad people.

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Kristiyana
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March 20, 2024, 09:34:15 AM
 #37

Btc made a new ath before halving and am wondering how many people are in regret not buying below 40k ish  Grin
What I know is - btc is unpredictable, the coin keeps surprising the community.
It is exciting to see how the market has been pumping these past days.

It is sad to hear what happened to you, too bad you kept your fund in centralize platform when it was said several times never to leave a huge sum on exchange when you are not in control of your funds. Hope this is a good lesson learned.

Bitcoin was under 20k just few months back and those who bought at that price are having fun this this bull run. When Bitcoin goes take low people start speculating that it's end of Bitcoin but the real one start accumulating Bitcoins on such dips. Unless you don't have faith in Bitcoin you won't buy Bitcoin during such large dips. Bitcoin was at it's ATH few days ago and now Bitcoin is going towards 60k, so we need to keep this in mind that Bitcoin price is highly volatile and we need to keep our self updated to buy/sell at right time. 

The value of bitcoin keeps falling this time,and is also affecting most of this memecoin they are also dropping from their current value,at this point I think a lot of people will take the risk to invest in most of this top coin like ethereum now that they have drop in their value, I think the price is going to be cheaper unlike before.however I know this will bring a regret to those investors that invested heavily on bitcoin regardless to the price of bitcoin then,I will advice they hold on to it and see if bitcoin will come back to it current value.

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March 20, 2024, 09:49:35 AM
 #38

You made those transactions because you needed to at that time, so I don't see the need to be looking back at it. Just move on, I know it might be hard. If you feel you made a mistake, the best thing to do is to simply learn from the mistake and make a better decision for the future. Moreover, 70k is not going to be the last, there is still more to come for sure.
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March 20, 2024, 10:49:51 AM
 #39

Past experiences help us become a lot more mature, there are things that I used to blame a lot on my journey into crypto, scams are quite frequent but it only increases patience. I sold bitcoin for cash in 2013, but at the time I wasn't aware of how special bitcoin was, and over time I didn't regret it but rather grew attached to the market.

Taking advantage of the opportunities in the bitcoin space depends on each of us, from micro to macro factors, we are all part of the space, the stage has some happy people and some sad people.

Those who still blame or criticize fraudulent projects every time they lose money, they will continue to lose more because of their stubbornness when it is their own fault. If they are not greedy to invest in projects that promise high profits, how can anyone scam them?

Congratulations on becoming more mature with your experiences in the market. Only when we grow up and stop blaming others can we make a profit and survive in this harsh market. Don't blame others, always get up after every fall, if anyone can do that, they will definitely make a lot of profit in the market.

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March 20, 2024, 11:14:40 AM
 #40

Those who still blame or criticize fraudulent projects every time they lose money, they will continue to lose more because of their stubbornness when it is their own fault. If they are not greedy to invest in projects that promise high profits, how can anyone scam them?

Congratulations on becoming more mature with your experiences in the market. Only when we grow up and stop blaming others can we make a profit and survive in this harsh market. Don't blame others, always get up after every fall, if anyone can do that, they will definitely make a lot of profit in the market.
Sometimes such experience is necessary to come to the conclusion that you need to invest wisely. The pursuit of big profits is always an inherent risk, and besides, you need to study a large number of projects in order to ultimately select a few in which you are willing to invest money.

But instead, you can simply buy Bitcoin using the DCA strategy and not create any additional risks or worries for yourself. Yes, you may not get the full profit, but you will know that you invested in a more reliable asset on the crypto market. Highly profitable projects are for those who do not have much capital, those who are just starting their journey and want to get a quick result, and ready to take risks, but quickly does not mean reliably.

R


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