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Showing 5 of 5 results by 0xEFF0
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Topic
Board Altcoin Discussion
Re: Why do people follow Elon Musk?
by
0xEFF0
on 11/03/2021, 13:22:33 UTC
People follow him because people have certain indoctrinated beliefs.

I guess I will follow him when he mentions IPFS (IPFS was sort of built for Mars  Grin )
Now my belief is that he will never talk about IPFS Cheesy , thus I'll never follow him because I can't take him seriously.

DogeCoin will die, that for sure.
Post
Topic
Board Bitcoin Discussion
Re: the power of HOLD and believe
by
0xEFF0
on 22/02/2021, 09:03:09 UTC
This right time to buy and hold the bitcoin for the future growth. It any time to hold the Bitcoin price. So befor buy and sell the bitcoin check the market price every time. Then easy to buy and sell the Bitcoin on time. Bitcoin price is good future coin. So hold and buy wait for the price increase. Bitcoin prices is day by day increasing. Bitcoin is connected the people for the sharing the information.

I think there is no right or wrong time to buy bitcoin. Looking on its historical price graph, I see that everything happens like a stretched spiral. First the price goes down, then it goes back, later it increases. In my opinion, with bitcoin and holding it is always a win situation. All you need to do is to learn how to manage stress when the price goes down and do not rush selling you holdings.

Or you can learn to understand market cycles in order to sell when bitcoin is expensive and buy when everyone is in a panic! It is enough to make several market deals a year to increase the amount of bitcoins in your wallet!
A rule is true until it isn't Cheesy
Sure it can go back like dictated by the cycle theory, it could also go to 40k then to 100k and stay there for over 6 years, no one knows.
Post
Topic
Board Development & Technical Discussion
Re: One Trillion dollars maektcap: How does it escalate technical challenges?
by
0xEFF0
on 22/02/2021, 05:03:02 UTC
I think I understand your fear. Someone may sploit a bug, or something may just go wrong and billions of dollars are lost forever, and it is a protocol fault?

There was one bug in the bitcoin codebase once which was very critical but not exploited before it got patched. Infrastructure bugs are always scary.
Plus humans are pretty stupid (coders) etc. .
Best is to hope that humans don't commit code with scary bugs or that the bugs aren't discovered and exploited in time before they got patched.
Post
Topic
Board Bitcoin Discussion
Re: Is the current bitcoin price sustainable?
by
0xEFF0
on 22/02/2021, 04:41:01 UTC
I still hope that BTC will be a lot more stable/slow moving when a lot more value is captured in BTC @ maybe 300k per coin. Then even "big" companies are small tiny players in the market.
Moving value in and out of say BTC will then also be a lot slower, except if a lot of big players move at once, but how likely is that?
Post
Topic
Board Bitcoin Discussion
Re: the power of HOLD and believe
by
0xEFF0
on 22/02/2021, 03:57:08 UTC
History as we speak, congrats to bitcoin for making it this far and not loosing most value due to bugs and network issues etc.

I can't really say much more than this, happy to be here I guess  Grin