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Author Topic: Boring Market Right Now. What You Got?  (Read 194 times)
Joseph-P (OP)
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April 05, 2024, 09:16:45 AM
 #1


The market seems pretty volatile now for the first time in a while as BTC and ETH struggle to find stable price footing. Lucky for me, I got out before it all started but right now I've gotta admit that it feels a little boring just sitting on the sidelines and not making any real moves. That said, I still have good reason not to delve back into the open market just yet. Instead, I want to try something else in the meantime. Anything else. I'd appreciate suggestions on open lucrative staking options you know, contests, and maybe competitions (that don't involve trading).
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April 05, 2024, 09:20:50 AM
 #2

You can not stake bitcoin because bitcoin is using PoW algorithm. You can see staking bitcoin on exchanges but they are centralized and I think the staking reward is from the money the exchange made in one way or the other. You have no full control on exchanges and you should not even hold your coins on exchanges. Bitcoin can be boring at time. It can even be depressing at times. But those that hold in long term still see the most profit. Patience is good.

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April 05, 2024, 02:06:19 PM
Merited by hugeblack (2), CryptopreneurBrainboss (2)
 #3

I hope you comprehend what exactly charles tim have said, bitcoin can not be stacked because it's not a proof of stake project or coin, it's a proof of work coin hence whatever percentage you have see anywhere for staking bitcoin it's always a centralised exchange that offers such profit, perhaps since you do not have full custody of you coins, they could be using you coin make profit from one way or the other hence they give you a percentage out of their own profit.

It's better to hold bitcoin for a long term investment purposes because it grants you a level of confidence for profit making. Wagering from one thing to another in cost of profit making around the bull run can only lead one to lost of funds so I ask you should try and stick with your holdings.

I can also suggest you try to wager some extra funds if you have any, in the altcoins and then follow all the precautions in order not to loss the said capital.
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April 05, 2024, 04:31:35 PM
Merited by hugeblack (2), Judith87403 (1)
 #4


The market seems pretty volatile now for the first time in a while as BTC and ETH struggle to find stable price footing. Lucky for me, I got out before it all started but right now I've gotta admit that it feels a little boring just sitting on the sidelines and not making any real moves. That said, I still have good reason not to delve back into the open market just yet. Instead, I want to try something else in the meantime. Anything else. I'd appreciate suggestions on open lucrative staking options you know, contests, and maybe competitions (that don't involve trading).

The market is usually systematical during the eras of approaching halving or when reach a new marketing phases. And of course the volatility of bitcoin at now is not a void neither is it a strange one as clearly bitcoin is already a volatile currency that can't be predicted and so much its value must not fluctuate cordially to investors wills.
The initiative of bitcoin volatility is that as it bores you so, it interests others. In this main time, some are running the DCA either accumulating or selling basically based on the market trends and their market predictions.

I can say you're lucky enough to had sold out when the market price was high but how long would you keep roaming around while hoping on the right time to reinvest again?
Anyways, as short term Investor you may be that's just how you can stand a better chance in the Crypto market.
If you're also looking for other means to stake your money on if if you're a risk bearer then you should make research for any of the potentials AltCoins currently trending and making increases with their hyping systems. Be sure of any any possible and impossibilities.
You can also try gambling by staking and chasing profits since you've opted outta bitcoin in the main time.
And I also hope you don't regret whatever step you may take henceforth.

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April 05, 2024, 05:40:58 PM
 #5


Lucky for me, I got out before it all started but right now I've gotta admit that it feels a little boring just sitting on the sidelines and not making any real moves. That said, I still have good reason not to delve back into the open market just yet.

Nice one say you leave before the market trap you but na which side you go trade, bitcoin never really move much today, you just run out  Grin


Instead, I want to try something else in the meantime. Anything else. I'd appreciate suggestions on open lucrative staking options you know, contests, and maybe competitions (that don't involve trading).

I dey feel you too bro because trading no be for everybody, e better make you stay your lane and do the way wey you sabi do. Regards to staking, you no go fit stake btc but you fit stake some others but there return too no go too dey much. I know say you fit stake dogecoin, cartesi, shiba etc, you fit check for binance.

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April 05, 2024, 07:46:50 PM
 #6


The market seems pretty volatile now for the first time in a while as BTC and ETH struggle to find stable price footing. Lucky for me, I got out before it all started but right now I've gotta admit that it feels a little boring just sitting on the sidelines and not making any real moves. That said, I still have good reason not to delve back into the open market just yet. Instead, I want to try something else in the meantime. Anything else. I'd appreciate suggestions on open lucrative staking options you know, contests, and maybe competitions (that don't involve trading).
I can already read from your writings that you are actually not a very patience person and seem to find the market boring because of their is no quick bucks to gather from it. Well some of here don already dey use to this kind matter so e no dey worry us and moreover sef e fit make person rush go put hand or money for something wey fit worse pass the coin wey you already mention for the thread. For me it's all about the HODL game despite having the new ATH set alot of patience investors are still patiently HODLing.
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April 05, 2024, 07:47:26 PM
 #7

Everyone see the market from different ways. And for me bitcoin is on it best time going to the sky. And the only boring market is Ethereum and Solana which I even ves to invest in them. Op I don't know if you are just coming to the cryptocurrency market. From the beginning of the journey bitcoin market never stable and it is always on the side of the volatility. And as you can see, two days back bitcoin was $65+k and today it is $68+k and there are times you will see it above $70k so na so di Market dey now and it is not boring at all.

So you f you dey trade you have to understand the movement before entering the market if not my man you go lose weti no good. Me sef I don trade am before and I see how it happened.

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April 05, 2024, 08:32:37 PM
 #8


The market seems pretty volatile now for the first time in a while as BTC and ETH struggle to find stable price footing. Lucky for me, I got out before it all started but right now I've gotta admit that it feels a little boring just sitting on the sidelines and not making any real moves. That said, I still have good reason not to delve back into the open market just yet. Instead, I want to try something else in the meantime. Anything else. I'd appreciate suggestions on open lucrative staking options you know, contests, and maybe competitions (that don't involve trading).
Anything that has to do with crypto will always be volatile so I don't get your point, aside from bitcoin I can't give an advice mostly when dealing with lucrative staking  or earning quick. From my understand bitcoin is not something you wait for or you start hoping for the price to fluctuate in your favour. What are your expectations from the first place cause them no dey follow person mouth for investment, only you go do your research and besides bitcoin get cycle and you suppose know so seeing the unstable price now no bad.

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April 05, 2024, 08:44:07 PM
 #9


The market seems pretty volatile now for the first time in a while as BTC and ETH struggle to find stable price footing. Lucky for me, I got out before it all started but right now I've gotta admit that it feels a little boring just sitting on the sidelines and not making any real moves. That said, I still have good reason not to delve back into the open market just yet. Instead, I want to try something else in the meantime. Anything else. I'd appreciate suggestions on open lucrative staking options you know, contests, and maybe competitions (that don't involve trading).
I can already read from your writings that you are actually not a very patience person and seem to find the market boring because of their is no quick bucks to gather from it. Well some of here don already dey use to this kind matter so e no dey worry us and moreover sef e fit make person rush go put hand or money for something wey fit worse pass the coin wey you already mention for the thread. For me it's all about the HODL game despite having the new ATH set alot of patience investors are still patiently HODLing.
Exactly what I was thinking as well.
OP, for every investments you must exercise what we call patient because without patients you no go fit achieve big for the crypto space. Bitcoin still dey for the best rate compared to the past months and OP done already sell em own then dey ask for opinions wey em go invest the money into. For me, this suggestions wey op dey ask for, me dey think am say em won to know the best altcoins wey em go invest the money put. I dey always tell pipo say every investment need patience so that you no go rush go sell wen the time never really reach, if I no dey mistake sef op never invest pass 1 month or 2.

 
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April 05, 2024, 08:44:24 PM
 #10

I dey feel you too bro because trading no be for everybody, e better make you stay your lane and do the way wey you sabi do. Regards to staking, you no go fit stake btc but you fit stake some others but there return too no go too dey much. I know say you fit stake dogecoin, cartesi, shiba etc, you fit check for binance.

Although, Doge developers may move from PoW to PoS but I do not think that has been done and doge is still using PoW. Or is doge now using PoS?

If doge is still PoW, just like bitcoin, it can not be staked.

There are also altcoins pegged with bitcoin price that can be staked.

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April 05, 2024, 10:53:43 PM
 #11


The market seems pretty volatile now for the first time in a while as BTC and ETH struggle to find stable price footing. Lucky for me, I got out before it all started but right now I've gotta admit that it feels a little boring just sitting on the sidelines and not making any real moves. That said, I still have good reason not to delve back into the open market just yet. Instead, I want to try something else in the meantime. Anything else. I'd appreciate suggestions on open lucrative staking options you know, contests, and maybe competitions (that don't involve trading).
I can already read from your writings that you are actually not a very patience person and seem to find the market boring because of their is no quick bucks to gather from it. Well some of here don already dey use to this kind matter so e no dey worry us and moreover sef e fit make person rush go put hand or money for something wey fit worse pass the coin wey you already mention for the thread. For me it's all about the HODL game despite having the new ATH set alot of patience investors are still patiently HODLing.
Exactly what I was thinking as well.
OP, for every investments you must exercise what we call patient because without patients you no go fit achieve big for the crypto space. Bitcoin still dey for the best rate compared to the past months and OP done already sell em own then dey ask for opinions wey em go invest the money into. For me, this suggestions wey op dey ask for, me dey think am say em won to know the best altcoins wey em go invest the money put. I dey always tell pipo say every investment need patience so that you no go rush go sell wen the time never really reach, if I no dey mistake sef op never invest pass 1 month or 2.
Am sure the funds are available for any investment or endeavor you want to undertake while witnessing this boring period.
I just feel the market is boring now because everyone is anticipating the halving event and with the drop in price, the ETF approval, all hands are on deck to know which and how to approach the opportunity coming during this wake.

Still HoDL your funds or invest in BTC ETF if the funds is surplus or steady and do your own research to gain better knowledge and insight and understand crypto market signals.

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April 09, 2024, 09:36:40 PM
 #12

I hope you comprehend what exactly charles tim have said, bitcoin can not be stacked because it's not a proof of stake project or coin, it's a proof of work coin hence whatever percentage you have see anywhere for staking bitcoin it's always a centralised exchange that offers such profit, perhaps since you do not have full custody of you coins, they could be using you coin make profit from one way or the other hence they give you a percentage out of their own profit.

It's better to hold bitcoin for a long term investment purposes because it grants you a level of confidence for profit making. Wagering from one thing to another in cost of profit making around the bull run can only lead one to lost of funds so I ask you should try and stick with your holdings.

I can also suggest you try to wager some extra funds if you have any, in the altcoins and then follow all the precautions in order not to loss the said capital.

You've got a point though, but he could stake other assets like USDT, BGB and lots more. that's what I do by the way and it's paying off.. I use the profits gotten to beef up my BTC, ETH & BGB portfolio. He might want to take a look at this.  https://youtu.be/dyo2Na9YW4M?si=nz1XR8PwXsPo_JXs
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April 09, 2024, 10:49:06 PM
 #13

I dey feel you too bro because trading no be for everybody, e better make you stay your lane and do the way wey you sabi do. Regards to staking, you no go fit stake btc but you fit stake some others but there return too no go too dey much. I know say you fit stake dogecoin, cartesi, shiba etc, you fit check for binance.

Binance is a centralized platform and as such for you to stake anything you need to hold your coins on that wallet for the minimum number of time you want to stake. Same thing as bitcoin can be done centralized exchanges too but to me that’s more like a lending something than staking, least amount of days was 21 last time I Checked. The profits earned also is very small compared to leaving your coins on any exchange because no exchange is too big not to collapse.


Although, Doge developers may move from PoW to PoS but I do not think that has been done and doge is still using PoW. Or is doge now using PoS?


Doge is still using POW mechanism and it’s even the second larger behind bitcoin on the mechanism. So staking on happens on CEX which looks more like a lending thing na staking.

As for OP my advice is to just hold your coin in peace and for long time so you don’t lose it chasing how to make more profit.











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MarvieJ
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April 10, 2024, 06:05:46 AM
Last edit: April 10, 2024, 10:32:15 AM by MarvieJ
 #14


The market seems pretty volatile now for the first time in a while as BTC and ETH struggle to find stable price footing. Lucky for me, I got out before it all started but right now I've gotta admit that it feels a little boring just sitting on the sidelines and not making any real moves. That said, I still have good reason not to delve back into the open market just yet. Instead, I want to try something else in the meantime. Anything else. I'd appreciate suggestions on open lucrative staking options you know, contests, and maybe competitions (that don't involve trading).
I can already read from your writings that you are actually not a very patience person and seem to find the market boring because of their is no quick bucks to gather from it. Well some of here don already dey use to this kind matter so e no dey worry us and moreover sef e fit make person rush go put hand or money for something wey fit worse pass the coin wey you already mention for the thread. For me it's all about the HODL game despite having the new ATH set alot of patience investors are still patiently HODLing.
Exactly what I was thinking as well.
OP, for every investments you must exercise what we call patient because without patients you no go fit achieve big for the crypto space. Bitcoin still dey for the best rate compared to the past months and OP done already sell em own then dey ask for opinions wey em go invest the money into. For me, this suggestions wey op dey ask for, me dey think am say em won to know the best altcoins wey em go invest the money put. I dey always tell pipo say every investment need patience so that you no go rush go sell wen the time never really reach, if I no dey mistake sef op never invest pass 1 month or 2.
Am sure the funds are available for any investment or endeavor you want to undertake while witnessing this boring period.
I just feel the market is boring now because everyone is anticipating the halving event and with the drop in price, the ETF approval, all hands are on deck to know which and how to approach the opportunity coming during this wake.

Still HoDL your funds or invest in BTC ETF if the funds is surplus or steady and do your own research to gain better knowledge and insight and understand crypto market signals.
I got a lot of understanding from what you said but imho the market never feels boring to me, y’all noticed how all these farming projects like block, GMRX , every , nibiru already scheduled for listing while some already listed in anticipation to the next bitcoin halving.. personally am already prepared, staked some of my $BGB token or usdt to get some hourly reward pool of $chatai , could use those rewards to buy some $btc etc

Just for more insight here’s a link to it ; https://www.bitget.com/events/poolx
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April 10, 2024, 06:27:10 AM
 #15

You can not stake bitcoin because bitcoin is using PoW algorithm. You can see staking bitcoin on exchanges but they are centralized and I think the staking reward is from the money the exchange made in one way or the other. You have no full control on exchanges and you should not even hold your coins on exchanges. Bitcoin can be boring at time. It can even be depressing at times. But those that hold in long term still see the most profit. Patience is good.

While the Op feels frowning towards the market volume as boring as he may describe it, he should just much aware that bitcoin would never have a stable of fix value of that's what would make him feel excited. In as much as bitcoin is a high volatile digital currency the value would keep up with the increasing and the decreasing in the main time.
Meanwhile, we formally witnessed an ATH within the range of $76,000 before the boringness as OP may say where the market rested below $64,000 to $66,000 but about two days now, it popped to $72,000 approaching $73,000 on before it depreciated again.
So Op should understand that patient is virtue in this bitcoin industry.
So he should eliminate his emotional sentiments and build up for a long time holding if he must have to see a higher chance to profit with his bitcoin assets.

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April 12, 2024, 09:34:19 PM
Merited by letteredhub (1)
 #16

The market seems pretty volatile now for the first time in a while as BTC and ETH struggle to find stable price footing. Lucky for me, I got out before it all started but right now I've gotta admit that it feels a little boring just sitting on the sidelines and not making any real moves. That said, I still have good reason not to delve back into the open market just yet. Instead, I want to try something else in the meantime. Anything else. I'd appreciate suggestions on open lucrative staking options you know, contests, and maybe competitions (that don't involve trading).

Market go volatile normally as we dey enter the last few days before Bitcoin halving happen, uncertainty full market because people no know wetin go happen next. Some dey say Bitcoin go increase immediately after the halving but another group dey feel say the market go get small correction. Everybody dey confuse of wetin to do na wetin dey make the market dey so unstable but as a Bitcoin believer you no supposed dey follow dem dey fear wetin dey happen. One thing be say no matter wetin dey happen right now, Bitcoin go still reach a new ATH after Bitcoin halving done finish but the exact time wey e go happen na wetin nobody know, satoshi himself no know self.

My advice for you na to get back into the market, no dey fear boring market but take full advantage of the opportunity wey dey so to set yourself up wella for the bull market. No go commot the market go dey find another lucrative way to earn when a blueprint way dey your front so and na to invest and hodl. Ride the storm, you no lose if you still dey hodl so why you dey fear? Staking no too sure if we dey take about the security of your coins dem especially those staking wey get to do with custodial platforms them like exchange, App and online wallet and the rest.

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April 12, 2024, 10:18:45 PM
 #17


The market seems pretty volatile now for the first time in a while as BTC and ETH struggle to find stable price footing. Lucky for me, I got out before it all started but right now I've gotta admit that it feels a little boring just sitting on the sidelines and not making any real moves. That said, I still have good reason not to delve back into the open market just yet. Instead, I want to try something else in the meantime. Anything else. I'd appreciate suggestions on open lucrative staking options you know, contests, and maybe competitions (that don't involve trading).

If you don't want trading, then what exactly do you think is the advice they are going to give you hear? You either trade crypto or use the money to gamble to accumulate more Bitcoin, it's not more than that but do you have to trade only Bitcoin and ethereum? Bitcoin maybe a little stagnant for a while moving between a divergent curve but we have some altcoins which I think you can play around with, they are volatile which means you can make quick profits from them and also dangerous because they can fall off anytime.

I will suggest you should stay away from staking if you don't have enough money invested in any coin, I see staking a s a trap to reduce coins in circulation and if you don't hold large portion of any coin and you stake it, you will be getting nothing because the APY is low and the amount of coins you will have will not appreciate like but if you are planning to hold for long time, then you should stake them.

R


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April 13, 2024, 05:21:09 PM
 #18

My small advice b say, now na bull season if you fit grind wella, free that job take grind wella then after bull season go back to ur job, person still fit make more than average naija salary if he knows wetin him dey do and God dey by him side

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April 15, 2024, 11:16:12 PM
 #19


The market seems pretty volatile now for the first time in a while as BTC and ETH struggle to find stable price footing. Lucky for me, I got out before it all started but right now I've gotta admit that it feels a little boring just sitting on the sidelines and not making any real moves. That said, I still have good reason not to delve back into the open market just yet. Instead, I want to try something else in the meantime. Anything else. I'd appreciate suggestions on open lucrative staking options you know, contests, and maybe competitions (that don't involve trading).
The market is volatile and we should be accountable for the activities that's flowing in and out. Everyone should become ambitious when it have to do things with the system and its operation, we can only become vulnerable because our strategies are not yielding enormous profits, thereby reducing our chances and odds of winning. The market is classified to be stable though we're currently watching the price movement of the top projects in the market, projects like Bitcoin and Ethereum, because they work hand in hand.

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April 15, 2024, 11:56:47 PM
 #20


The market seems pretty volatile now for the first time in a while as BTC and ETH struggle to find stable price footing.
Bitcoin is no stablecoin so you don't expect stability in a volatile coin, if you're watching out for stability you can hold your money in USDT and some other stablecoins. What you call volatility in bitcoin is just a speck of the iceberg, give altcoins a trial with your money and see what real volatility looks like. What I mean is bitcoin is less volatile compared with altcoins.

Quote
Lucky for me, I got out before it all started but right now I've gotta admit that it feels a little boring just sitting on the sidelines and not making any real moves. That said, I still have good reason not to delve back into the open market just yet. Instead, I want to try something else in the meantime. Anything else. I'd appreciate suggestions on open lucrative staking options you know, contests, and maybe competitions (that don't involve trading).
you got out at a period when other investors are piling in more portfolios into their already existing holdings because unlike you, they have the vision ahead for what is coming. It's still a good position in the current bitcoin price, so, I'll advise you buy back and hold for the coming bull run and get your mind off from all this irrelevant price fall distractions else you be left out when your mates start reaping the profits in this year's circle. Think about it!
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