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Showing 20 of 100 results by Alana Arden
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Board Bitcoin Discussion
Re: Has the drop in Bitcoin's price made your mood even worse?
by
Alana Arden
on 04/09/2024, 14:56:53 UTC
If you're into exercise and weight lifting, you would notice that when you start weight lifting, your muscles will not yet be strong enough to accommodate the kind of weights that you wish to carry, and so it will take some time for you to become stronger as you keep lifting weights. It is the same with investing in Bitcoin because if you're new to investing in Bitcoin, you definitely will not be strong enough to accommodate the changes in market conditions when the prices of Bitcoin start to drop.  Do not get discouraged; the strength to ignore the market comes from experience and knowledge that the value of bitcoin will still go up even if it drops.
You have explained very well with a great example. There are many like Op who panic and sell at a loss when the price drops. They can't be blamed for that either. In fact, many are not strong in these matters. Again there is a lack of proper knowledge about investing in Bitcoin. Especially the newbies.
Bitcoin is a volatile currency that fluctuates between price and market conditions, so it is wise not to chart during such bad market conditions. So don't be disappointed at all. To get good profit from Bitcoin, you must be patient and hold for a long period of time and you must have proper knowledge and review of market conditions before investing in Bitcoin.
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Topic
Board Bitcoin Discussion
Re: I've Been Wasting My Time With Bitcoin
by
Alana Arden
on 03/09/2024, 05:15:13 UTC
I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 
Tell me first, what money are altcoins and shitcoins? These are the same investment instruments as Bitcoin. Don't you know that? Altcoins are more volatile and risky. Also full of scams.
 And besides, I think you might want to get rich overnight from crypto, which doesn't quite fit the rules of Bitcoin. To reap the benefits of Bitcoin, you must patiently focus on HODL. Skip if you can't be patient. Bitcoin is not for everyone.
But just because you failed at Bitcoin investing doesn't mean someone else can't succeed. You can't discourage anyone by telling your failure stories, saying that you've wasted time chasing Bitcoin.Now if you find really good profit from Altcoins, then you should work on it. But also keep in mind that altcoins can make you rich or wipe out your portfolio in seconds.

Finally, mate, you need to know and learn more deeply to understand Bitcoin. But sadly, even after living in a good educational abode like the forum for so long, you are lagging behind in gaining proper knowledge about Bitcoin.
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Topic
Board Bitcoin Discussion
Re: I've Been Wasting My Time With Bitcoin
by
Alana Arden
on 03/09/2024, 05:10:35 UTC
I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 
Tell me first, what money are altcoins and shitcoins? These are the same investment instruments as Bitcoin. Don't you know that? Altcoins are more volatile and risky. Also full of Kelengari. And besides, I think you might want to get rich overnight from crypto, which doesn't quite fit the rules of Bitcoin. To reap the benefits of Bitcoin, you must patiently focus on HODL. Skip if you can't be patient. Bitcoin is not for everyone. But just because you failed at Bitcoin investing doesn't mean someone else can't succeed. You can't discourage anyone by telling your failure stories, saying that you've wasted time chasing Bitcoin.Now if you find really good profit from Altcoins, then you should work on it. But also keep in mind that so-called altcoins can make you rich or wipe out your portfolio in seconds.
Finally, mate, you need to know and learn more deeply to understand Bitcoin. But sadly, even after living in a good educational abode like the forum for so long, you are lagging behind in gaining proper knowledge about Bitcoin.
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Topic
Board Bitcoin Discussion
Re: The Future of Bitcoin as Digital Gold
by
Alana Arden
on 31/08/2024, 14:47:10 UTC
What challenges could Bitcoin face in becoming a universally accepted store of value? Any thoughts?
Since the beginning of the Bitcoin journey till now, Bitcoin adoption has faced many limitations and challenges. And the biggest challenge is its acceptance. The Bitcoin network is not centralized, which is why many countries around the world have declared Bitcoin illegal (only a handful of countries have legalized it).
As well as the trustworthiness, privacy, awareness, and popularity of Bitcoin use for many people, it has not reached the peak. They consider Bitcoin a fraudulent investment.
 However, behind this lies the abuse of several fraudulent online platforms.Also, lack of adequate education (understanding about wallets, valid transactions, and market conditions) of using Bitcoin hinders its adoption.
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Board Bitcoin Discussion
Re: Has Bitcoin Finally Lost Its Decentralization?
by
Alana Arden
on 31/08/2024, 02:58:21 UTC
Thats a question we all would like to know. Has Bitcoin been finally sold out to big businesses, corporations, investment groups and even countries?? In the last few years these things have resonated louder than ever. Investment groups buying thousands and even millions worth of Bitcoin at a time, countries even making the once comical like currency its very own currency for everyday life. So the question once again is asked... Has Bitcoin Finally Lost It's Decentralization? Let us know of your thoughts and comments on this and thanks again.
The Bitcoin blockchain is not centralized, and no organization is controlling it. It is completely decentralized. But yes, Bitcoin price movements can light up the market due to some large institutional investors buying huge amounts of Bitcoin. But this does not mean that Bitcoin will lose its decentralization or independence.
    Bitcoin uses a Proof of Work (PoW) algorithm, so no one has any control over it. If only censorship is introduced and enforced, Bitcoin will lose its decentralization and become centralized, but that would completely work against the purpose of Bitcoin.
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Board Bitcoin Discussion
Re: Let's get to know everyone's personal opinion about Bitcoin
by
Alana Arden
on 28/08/2024, 17:22:34 UTC
The price for Bitcoin is going to go up and down always and this gives an avenue to buy Bitcoin but the people losing are those that refuse to buy because they decided not to believe in Bitcoin hence they miss out on an avenue to make profit. There were people that refused to buy Bitcoin when it was cheaper than it is now and they are angry.
It is happening. I know people who underestimated Bitcoin by refusing to buy it early in its journey. They thought Bitcoin was a scam. But over time, Bitcoin has made new history due to its popularity, privacy, and success. But seeing as Bitcoin's success trajectory is starting to break their mistakes, BTC is breaking all old records and making new ATHs. Which means the water is out of hand; now they cannot afford to buy them. As a result, they are very angry with themselves as well as repentant.

Although BTC is a volatile, unstable, and risky currency, it is currently very popular and in a strong position. None of us can tell the future, but we can hope; there is no doubt it will hit $100k in the future. But it is difficult to say when the right time will come. Maybe the time is too long or too close. But chances of reaching $100k this year are very low.
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Board Bitcoin Discussion
Re: What's Up with the Price
by
Alana Arden
on 28/08/2024, 10:49:30 UTC
Bitcoin is a volatile currency for which it is normal for the market to fluctuate; we have to accept it. But it is wise not to get too confused with the price. Because price changes will get you excited, then depressed again. Your confidence will crack. As a result, you will not hesitate to make wrong decisions. But later you will regret your impatience. So it is better not to display the chart repeatedly. Repeatedly looking at charts is a very bad habit.
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Topic
Board Bitcoin Discussion
Re: What's Up with the Price
by
Alana Arden
on 28/08/2024, 10:46:09 UTC
Bitcoin is a volatile currency for which it is normal for its market to fluctuate; we have to accept that. But it is wise not to get too confused with the price. Because price changes will get you excited, then depressed again. Your confidence will crack. As a result, you will not back down to make wrong decisions. Therefore, it is better not to display the chart repeatedly. Repeatedly looking at charts is a very bad habit.
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Topic
Board Bitcoin Discussion
Re: Can Bitcoin save us
by
Alana Arden
on 27/08/2024, 18:50:53 UTC
Bitcoin is a decentralized currency, not a centralized currency that will do any favors to change the negative economic situation in our world. Rather, it can be an alternative means of earning. Primarily, Bitcoin is a p2p electronic money system that helps people directly without third parties. And it provides a decentralized alternative to traditional financial institutions and banks.
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Board Development & Technical Discussion
Topic OP
Bitcoin has no built-in addresses, only scripts.
by
Alana Arden
on 25/08/2024, 15:56:54 UTC
Each node in a Bitcoin network has no physical address in the mempool or Bitcoin blockchain, only scripts. A Bitcoin address represents just a number, and the number that the address represents is a simple way of talking about transferring control over value to us humans.
 Simply put, it's a human-friendly way to show senders and receivers what addresses are in their wallets, and if I send someone my address, I'm basically instructing the sender's wallet to generate new output with a script derived from that address.
My wallet can see the sender and receiver addresses, but it shows exactly my wallet address. Within the wider Bitcoin network, I can display the addresses used by my transactions by converting transaction output scripts into an address representation of how to represent that information as a number via standard rules.
Within my wallet software, bitcoin addresses exist as soon as my wallet private keys are selected. So any address will exist as long as the number position exists.
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Board Bitcoin Discussion
Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH?
by
Alana Arden
on 24/08/2024, 16:43:37 UTC
Will owning 1 btc make generational wealth?

It is possible, until it is worth a very good amount, to keep it patiently. If 1BTC is currently $64k, I believe it could reach 1 million in the next 15–20 years. Because if you calculate the price of Bitcoin in the last 10 years, the current price of Bitcoin is sky high, which is unimaginable. And if BTC continues to grow like this, it will be a great alternative to generate wealth for generations.
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Board Trading Discussion
Re: Why we need to prioritize risk management, as a trader!
by
Alana Arden
on 20/08/2024, 09:30:56 UTC
No matter how experienced and proficient you become as a successful trader, you still need to have proper knowledge of risk management strategies. To make a profit from your business, you must develop a practical plan to properly manage difficult risks. Or you may lose your money. The market will knock you down. To sustain yourself in the trading business, you must patiently learn the basics of trading and, at the same time, make yourself more efficient through practice. You will make mistakes again and again because none of us are above mistakes. But we must learn from that mistake without being disappointed or impatient so that we can use that learning in the future. Always remember that trading without a solid risk management strategy is more prone to losses.
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Board Bitcoin Discussion
Re: Bitcoin is risky
by
Alana Arden
on 19/08/2024, 09:49:44 UTC

Do not lie to people about what crypto is just so they would not think of it as something not worthwhile. Rather explain eagerly. .

Agreed. For those who do not know how to control their emotions, investing in Bitcoin is difficult. Bitcoin is volatile and risky. Many people invest in Bitcoin without having proper knowledge about it, educating themselves, and getting rich in a short time. As a result, they fall to the ground in a sudden shock and have a negative perception of Bitcoin. Needless to say, the safest investment in crypto right now is investing in Bitcoin, but we also have to be prepared to lose. Before investing in Bitcoin, we need to have a correct understanding of the Bitcoin risk, the market, and whether false positives can be discounted. And with that in mind, we risk as much as we can afford to lose.
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Topic
Board Bitcoin Discussion
Re: Bitcoin is risky
by
Alana Arden
on 19/08/2024, 09:47:54 UTC
Do not lie to people about what crypto is just so they would not think of it as something not worthwhile. Rather explain eagerly.
[/quote]
Agreed. For those who do not know how to control their emotions, investing in Bitcoin is difficult. Bitcoin is volatile and risky. Many people invest in Bitcoin without having proper knowledge about it, educating themselves, and getting rich in a short time. As a result, they fall to the ground in a sudden shock and have a negative perception of Bitcoin. Needless to say, the safest investment in crypto right now is investing in Bitcoin, but we also have to be prepared to lose. Before investing in Bitcoin, we need to have a correct understanding of the Bitcoin risk, the market, and whether false positives can be discounted. And with that in mind, we risk as much as we can afford to lose.
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Topic
Board Trading Discussion
Re: Never revenge the market!
by
Alana Arden
on 18/08/2024, 09:05:57 UTC
That's exactly the kind of revenge that worked for me at the beginning of the trade. I couldn't hold back my emotions when I lost a trade. I would take the trade again to recover my losses. But most of the time I had to stay in Los Angeles and suffer more losses than I had before. I used to become disinterested in trading; I would be disappointed.
 Later, I gradually realized that trading cannot be done with passion, revenge, or stubbornness. While trading, you have to get out of your emotions, have patience, and have a proper understanding of the market. If you experience a loss while trading, it is wise to get out of the trade rather than proceed with anger or revenge. Otherwise, your loss will make you more crazy, and you will suffer from emotional pain.
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Board Bitcoin Discussion
Re: Bitcoin or Gold which is worth investing in?
by
Alana Arden
on 17/08/2024, 11:02:06 UTC
Both bitcoin and gold are different. Although this issue has been discussed many times in the forum before.
However, if you want to compare Bitcoin and gold, Bitcoin is decentralized and is a valuable digital currency in the modern world. Bitcoin is highly volatile, risky, and grows very quickly. But gold is concentrated and is a precious metal. Gold is a stable asset that works against inflation, and investing in gold is less risky than Bitcoin. But it is less profitable. Because where the risk is low, the profit is also low.
But Bitcoin is too risky and volatile to make large profits in a short period of time. And of course, investing in Bitcoin is superior to investing in gold and is now a good investment asset. It will provide higher returns than gold if held for a long time.
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Board Bitcoin Discussion
Re: No risk no gain
by
Alana Arden
on 28/04/2024, 22:58:31 UTC
To invest in Bitcoin, you don't have to go around saying, Let's invest in Bitcoin. It's totally a personal choice. Because investing in Bitcoin requires you to believe in it and have the courage to take risks. In the beginning, many did not have the courage to believe and take the risk of investing in Bitcoin, as you did at the time, and now regret it as the price has surpassed its previous record. But if Bitcoin didn't reach its new ATH and instead the price continued to decline from the price you saw, you might not have regretted it. Instead, you would regret ever thinking of investing in Bitcoin.
  However, I think you need to further educate yourself by gaining proper knowledge about Bitcoin before investing in it. Because you said, you told your brother to invest 50%–50%. But what you may not have known is that instead of buying 100% of your entire bitcoin, you can buy any amount, however small. And then, if you could have done your own research and gotten the right idea about Bitcoin, you wouldn't have needed to ask anyone; you would have taken the bold step to invest yourself and hold on. But we all seem to have some regrets about investing in Bitcoin.
You can still invest in Bitcoin if you want. But in this case, you have to test enough patience as well as have the courage to take risks. And of course, invest what you are prepared to lose.
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Board Economics
Re: How safe is it to keep your money and gold underground?
by
Alana Arden
on 28/04/2024, 18:16:12 UTC
I mentioned in the post that my grandmother was an old person and her thoughts would not match ours, and she didn't know about investing in real estate, bonds, or stocks. And please don't think his fund is illegal.
     These dollars are her hard work because she was a public school teacher. He kept his hard-earned funds this way because he didn't want to lose them. But in terms of money, he invested quite a lot of money, like in a in a cattle farm and in the agriculture sector. Because he lived in the village. Not only that, he used to leave all the money on the ground; he used to spend money on all the necessities. But yes, gold and silver were taken out very little. And some family members knew about this secret place of her. You will be surprised to see that grandmother has arranged the interior of her secret place so beautifully, which is really admirable.

But my mother was afraid to invest because she had learned about several scams and also had a negative perception of banks.
  But I thank you all for answering my questions very nicely and solving my problem. I told my mom about everyone's opinion. He realizes his mistake and agrees to invest his money instead of burying it in the ground like this. I really didn't know that much about the subject, so I loved burying the treasure under the ground like that.
  Actually, everything has positive and negative aspects. And as times have changed, so must we.
 Thank you all again.
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Board Economics
Topic OP
How safe is it to keep your money and gold underground?
by
Alana Arden
on 27/04/2024, 16:32:22 UTC
l watched my grandmother many years ago put her dollars, gold, and silver ornaments in a plastic box and bury them in a hole in the ground, marking the spot so she wouldn't forget it later. If ornaments or dollars were needed, she would fetch the necessary items from under the ground, unseen by all. The work is a little difficult, but she has been doing it for almost 30 years, and she is now an old woman.
     I was very surprised by her strategy. I liked it, and at the same time, I was curious as to why she put it that way. When I asked her, it would be better to keep the funds in a safe place at home or in the in the bank instead of like this. She then told me that neither the house nor the bank are safe.
 Based on that formula, I saw my mother adopt the exact same approach. The mother also has the idea that the bank or house is not safe for these funds, or that it is not a safe place for the money. Because keeping these funds at home is very risky, you should be wary of thieves, robbers, and even rats. Again, in the case of banks, I have heard about the bankruptcy of big banks. Also, if these things are kept in the bank, you have to pay a separate additional fee, and the tax is different.
    That's why they consider this novel method to be safe and confidential.
Also, they are senior people, so they have no idea about the crypto world, and it may take me a long time to understand them.

Many may be confused by reading my title. Some may find this approach ridiculous. But this is a different technique and experience for me.

 Now I want to ask everyone:
    Have any of you ever been aware of this technique before?
And do you think we can keep our savings and wealth underground by adopting this strategy and considering it the safest?
And that being said, how safe do you think it is? At this time?
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Topic
Board Bitcoin Discussion
Re: Please, I urge you to buy bitcoin!
by
Alana Arden
on 25/04/2024, 03:50:11 UTC
^^^ With 8 billion people on Earth, that's (on average) 262500 satoshi's per person. Plenty enough to do business with.

Cool
I agree and thank you for the information.
To invest in Bitcoin, we don't have to tell anyone to invest in it. It will completely depend on their own choice and freedom. Because many people in the world still don't know what Bitcoin is, and maybe even after knowing about it, many people don't want to accept it or don't like to take risks. But yes, we do our best to share the Bitcoin price, benefits, risks, important issues, and information with everyone. The rest is entirely their decision, whether they invest or not. Although Bitcoin is accessible and affordable to everyone, anyone can invest in it. And the more people continue to invest in it, the more its popularity and value will increase.