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Showing 19 of 19 results by ArumiBTC
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ArumiBTC
on 29/04/2024, 02:50:57 UTC
I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
It sounds like you are going to have fun staying poor.
I hope not. But we'll see. I can't claim making millions, but I do see profit with my strategy.

Fuck your strategy.  It is off-topic.  Don't you even realize that?

Maybe what I was trying to do was provide a cursory response to your post in order that I should not have to state the obvious, which is we are not talking about trading in this thread.. .. do you see anything about selling in the OP or in the title?

Sure, there are likely quite a few posts that we incidentally talk about various places in which selling might apply, but that's not the thrust of the contents of the overwhelming majority of posts in this thread, which has to do with various ways to accumulate bitcoin through buying and/or holding, and even if we might want to consider your proposition in a liberal way, in which you are trying to suggest that you  (and/or anyone else) can get more bitcoin by selling and then buying back cheaper, then maybe at least you might be struggling to stay within the parameter of the topic, but still that is not even a very convincing way to accumulate BTC.

And, by the way, we also seem to argue quite a bit about the idea of accumulating BTC by buying on dips, and personally, I believe buying in dips is a supplemental strategy, especially when it comes to newbies, no coiners and/or low coiners, and the overwhelming majority of the world fits into the nocoiner/low coiner status (which means they hardly even have enough bitcoin), which likely includes you.

You are brand new to the forum, and unless you are going to tell me and or any other member here that you have been accumulating BTC for 4 or more years or you frontloaded your BTC investment, otherwise, you are likely low on BTC, and the best way to resolve that problem is to establish a practice of regularly, persistently and consistently acquiring BTC, and you would not likely be able to accomplish those kinds of BTC accumulation goals through selling BTC.. You accomplish BTC accumulation through employing various forms of buying that largely fits into the three categories of DCA, lump sum and buying on dips (which may or may not include front-loading) depending upon your own financial circumstances.

Of course when I say DIP, I am using rule. Not blindly using feeling. I am using tools like Motivewave to find ideal local low or local high. Learning reading footprint chart, imbalance and point of control. With the tool I can see what is inside the candle and how aggressive the market that I bet. Yes, I am newbie and I wish to keep it that way. I don't mind seeing it etched in my tombstone.

If you believe that there might be some value in terms of employing your various tools in terms of buying on the dip, then surely members might be want to try to learn about some of that or at least it would be somewhat relevant even though many of us consider buying on dips to be a supplemental strategy to something like DCA or lump sum investing.  Yet your earlier post was referring to selling, so largely you are seem to be approaching the whole bitcoin matter from a trading rather than an investing approach, even if you might be wanting to label yourself as some kind of a sophisticated investor to the extent that you are even in the right thread to be presenting your trading and/or gambling strategies while perhaps striving to have them considered as if they were some kind of a reasonable form of investing, which they likely are not anyhow, even if you might want to believe that whatever buying on the dip strategies you believe are learnable by normies.. as compared with normies who largely just employ DCA strategies are going to beat the pants off of the overwhelming majority of traders, especially if we start to look at BTC portfolio value performances over longer periods such as 4-10 years or longer.
Ok bos
Post
Topic
Board Economics
Re: Surviving in this economy needs a new minds set
by
ArumiBTC
on 29/04/2024, 02:42:27 UTC
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
Our old men also complaint technically the same. Two examples, 1930 Great Depression and 2008 financial crisis.
Purchasing power of one US dollar (USD) in every year from 1635 to 2020 weakens and you'll find 2020 is the lowest.
So, when you look at the bigger picture, Inflation is not unique. it is in our parent great grand parent and our DNA too.
From different perspective, you can hate me on this, I believe it is necessary to have this bump to nurture innovation (privately or communally).
Post
Topic
Board Speculation
Re: Bitcoin way forward - Towards $100k or $50k
by
ArumiBTC
on 29/04/2024, 02:12:34 UTC
In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.
I wonder what "valid" means?. See, the chart is not always working aligned with news and analyst is as clueless as a regular person. Warren Buffett once famously said that even a monkey could pick stocks and predict the market with a 50% success rate.
My action in the uncertainty is risking less than 10% of my portfolio and only buying at the lowest price of a monthly candle. Other than that, stay USDT.
Post
Topic
Board Speculation
Re: Road to 100k?
by
ArumiBTC
on 29/04/2024, 02:03:47 UTC
We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?
I already "bet" with my life.
It will touch a million under 2040.
When I say "my life", means I plan to ride the wave from today's price to that speculation price.
Not financial advice.
Only a newbie sharing what he is doing.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ArumiBTC
on 29/04/2024, 01:50:49 UTC
I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.

It sounds like you are going to have fun staying poor.
I hope not. But we'll see. I can't claim making millions, but I do see profit with my strategy. Of course when I say DIP, I am using rule. Not blindly using feeling. I am using tools like Motivewave to find ideal local low or local high. Learning reading footprint chart, imbalance and point of control. With the tool I can see what is inside the candle and how aggressive the market that I bet. Yes, I am newbie and I wish to keep it that way. I don't mind seeing it etched in my tombstone.
Post
Topic
Board Off-topic
Re: Objective look at schooling
by
ArumiBTC
on 28/04/2024, 13:23:36 UTC
Einstein once remarked, "I am not smarter than anyone else; I simply tackle more complex and challenging problems than most." Einstein wanted his body to be cremated. He meant include his well trained and developed brain. Unfortunately, or fortunately, other bloke had different idea. Poor Mr. Einstein. Sad

I believe that education should spark human curiosity, connect individuals with shared interests groups, foster collaboration, peer review, and enable growth within that specific communities.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ArumiBTC
on 28/04/2024, 13:08:46 UTC
I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
Post
Topic
Board Economics
Re: Prioritizing strong foundation over quick gains
by
ArumiBTC
on 28/04/2024, 13:00:09 UTC
The desire to see quick results of our efforts can be very tempting and some folks in a bid to get results would normally prefer shortcuts to get wealth over following the real process that involves investing time, effort, and resources into developing skills, building relationships, and creating value in themselves that will lead to a sustainable long term success.

Pursuing of quick gains will only push you into getting involved in get rich quick schemes and activities that only guarantee short term incentives and wouldn't allow you invest and develop yourself. It's one of the reasons why people prefer to diversify thier investment into meme coins and other short termed project because they are just after possible immediate results rather than focusing their investment in an asset like Bitcoin  that's known to grow steadily overtime or alternatively investing in themselves which is a sure way to increase your value in the long run.

Setting out strong foundation that's aimed at supporting long term gain is the best thing you can do for yourself and regardless of the fact that you might not be getting quick results like short term investors and individuals, the benefit that comes with long term investment in the right thing  will always supercede any quick gain that's mostly for short sighted individuals.
If you know how to use Dex tracking tools such as nensen, arkham. or dexcheck, then meme coin can be beneficial too. I think it is nothing wrong venturing short term gain as long as you already know how to manage your portfolio and generate steadier income from other different choices. On chain or off chain.
Post
Topic
Board Economics
Re: Starting a business without capital.
by
ArumiBTC
on 28/04/2024, 12:53:15 UTC
Is very possible starting up a business without capital all you need is your ability of pursuing success.
Affiliate marketing is a business you can venture into without capital and still make good money from it, even more than some businesses started with capital.
Affiliate marketing is the process by which a person earns a commission for marketing another person's products.
All you need to start this business is good communication skill in other to sell the product of the other person and get a commission for doing that.
You can decide to market product of different company or person's at same time by doing this you are sure that everyday someone will buy from one of those product's there by making money every day.
When you become an expert in affiliate marketing you will start making profit every day of your life.
I abandoned that belief long ago. My apprehension regarding affiliate marketing lies in Google's dominance over SEO, manipulating algorithms at will. Through insights gained from this forum, I've realized that anyone can thrive in internet business without solely promoting others' products; instead, fostering a community around your own offerings. That is the key.
Post
Topic
Board Trading Discussion
Re: Trading with AI
by
ArumiBTC
on 28/04/2024, 11:08:58 UTC
The last time I entrusted my funds to a bot was while experimenting with Pionex's grid trading feature. Initially, it seemed promising, but the thrill quickly faded within three months. I realized that relying solely on automated bot trading did not contribute to my personal growth or learning. Fast forward two years, I delved into manual trading, embracing a more traditional approach and exploring strategies like the footprint chart method. This shift instilled a newfound sense of confidence in my trading abilities. As I expanded my knowledge base and deepened my understanding of the market dynamics, I began to generate profits without shouldering significant emotional burdens.
Post
Topic
Board Trading Discussion
Re: Why are people getting scared to Trade
by
ArumiBTC
on 28/04/2024, 10:58:00 UTC
Up until April of this year, I experienced feelings of apprehension. Over the past two months, I diligently documented my trading activities, and what I discovered was quite intriguing. The greater my exposure to market volatility, the more comfortable I became with it. While there are moments of fear, adhering to the rules I've established and avoiding impulsive decisions like FOMO trading have allowed me to navigate the market "less emotionally".
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Topic
Board Trading Discussion
Re: Trading is not a lifetime job.
by
ArumiBTC
on 28/04/2024, 10:45:26 UTC
My experience told the opposite stories:
1. It is the most relaxing one. Much relaxing then doing my routine as a Youtuber. My trading strategy focus on footprint chart and the use of Point of control and Price imbalance.
2. I spend less than an hour day (around 7am-8am) to update my chart and adjust my position.
3. About scam, I worry less right now after FTX collapsed.
Post
Topic
Board Bitcoin Discussion
Re: How has Satoshi's identity never been revealed ?
by
ArumiBTC
on 28/04/2024, 10:29:31 UTC
The authority may already know his true identity but decide to keep it secret. Personally, I believe in the "deep state" and they are not always carry ill-intent.
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Topic
Board Trading Discussion
Re: Is there strategy to make profit daily future trade
by
ArumiBTC
on 28/04/2024, 10:22:50 UTC
I have good knowledge with crypto future
I get signals from groups on telegram

But i got idea to make profit daily

I choose some coins potential raise and open long  positions on them and hold

For day until i get profit.. Is this good idea or let me know if there better idea
Look back, I saw myself doing almost the same thing.
I lost some, I quit and then re-think crypto potential then find BTC as my last best choice.
About trading strategy, I no longer trust signal or even charting.
Just orderflow and footprint chart.
Post
Topic
Board Bitcoin Discussion
Re: Why you should only hold Bitcoin
by
ArumiBTC
on 28/04/2024, 10:14:06 UTC
For this discussion, I am following Michael Saylor with his strong advocacy for Bitcoin as a store of value and a long-term investment asset. When he stated that "Bitcoin is the only best and there is no second contender" he likely expressed this view based on several key factors:

Store of Value: Saylor believes that Bitcoin's scarcity, decentralization, and security features make it an ideal store of value asset. He sees Bitcoin as digital gold, a hedge against inflation, and a long-term store of wealth.

Security: Thanks to its proof-of-work consensus mechanism and the massive amount of computational power securing the network. Saylor values this security feature as a critical aspect of Bitcoin's superiority.

Network Effects: Bitcoin has a strong network effect, with widespread adoption, recognition, and acceptance compared to other cryptocurrencies.

Longevity and Stability: Bitcoin has been in existence for over a decade and has demonstrated resilience and stability over time. Saylor may view Bitcoin's longevity and track record as factors that contribute to its status as the top cryptocurrency.

Lastly, Saylor often emphasizes Bitcoin's fixed supply of 21 million coins and its deflationary nature as key attributes that differentiate it from other cryptocurrencies. He values Bitcoin's predictable and transparent monetary policy.

Post
Topic
Board Bitcoin Discussion
Re: Would you advise a friend in the same way?
by
ArumiBTC
on 28/04/2024, 10:04:05 UTC
Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.

I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.

Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.

It's important to consider several factors before advising someone to invest a significant amount of money, especially when it involves a family business. Here are some points to consider regarding the advice you gave your friend:

Risk Tolerance: Investing in Bitcoin or any other asset carries risks, including price volatility and regulatory uncertainties. It's crucial to assess your friend's risk tolerance and investment goals before recommending such a significant move.

Diversification: While Bitcoin has shown strong growth potential, it's essential to emphasize the importance of diversification in an investment portfolio. Putting all funds into a single asset class like Bitcoin can expose the investment to higher risk.

Company Needs: Consider the specific needs and goals of the company. Investing in Bitcoin may not align with the business model, industry, or financial objectives of the company. It's essential to evaluate how Bitcoin fits into the overall business strategy.

Professional Advice: Encourage your friend to seek advice from financial advisors or experts who can provide a comprehensive analysis of the potential risks and rewards of investing in Bitcoin. Professional guidance can help make informed investment decisions.

Long-Term Perspective: Investing in Bitcoin should be viewed from a long-term perspective. While Bitcoin has shown strong growth in the past, its price can be volatile, and short-term fluctuations may impact investment outcomes.
Post
Topic
Board Bitcoin Discussion
Re: If someone you introduced to BTC says the risks of her funds is on you
by
ArumiBTC
on 28/04/2024, 09:30:21 UTC
This was the mean reason why I don't like telling people about bitcoin investment, except they seek for advice from me, first I will tell you the risk that is involve if you can bare the risk alone, but if you can't bare the risk then I will advice you let go of it. However if you want to be successful in life you need to take risk, most of the wealthy people you see today they have stories to tell about how they started there journey and also the risk they took. what I'm saying in essence is that you have to face your risk alone the only thing you should think about is how you can deal with it, that's if you really want  your future to be a better one.
  I'm here to support you. I've been actively learning about BTC for less than 6 months, and while I recognize its potential, I sense that there are still barriers in place when it comes to BTC. The individuals I typically engage with have experienced setbacks with Luna Crash and FTX."
Post
Topic
Board Bitcoin Discussion
Re: Will the number of new investors reduce?
by
ArumiBTC
on 28/04/2024, 09:18:09 UTC
The Bitcoin halving event, which occurs approximately every four years and reduces the block reward miners receive by half, is indeed a significant event in the cryptocurrency space. Historically, halving events have generated increased interest and speculation in Bitcoin, attracting new investors looking to capitalize on potential price movements before and after the event.

After each halving, there is often a period of heightened attention and activity in the market as investors assess the impact of the reduced supply of new Bitcoins entering circulation. Some investors may have a short-term focus on profiting from price fluctuations around the halving, while others may view it as a long-term investment opportunity based on the scarcity and deflationary nature of Bitcoin.

While the immediate hype surrounding the halving event may subside after it has passed, the long-term growth and adoption of Bitcoin are influenced by various factors beyond just halving events. Factors such as market trends, regulatory developments, macroeconomic conditions, technological advancements, and institutional adoption can also impact investor interest in Bitcoin.

It's possible that the number of new investors may fluctuate in the period following a halving event, as market dynamics evolve and sentiment shifts. However, the overall trajectory of Bitcoin's adoption and investor interest is influenced by a combination of factors, and the next halving event may once again attract attention and speculation as it approaches.
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Topic
Board Bitcoin Discussion
Re: I don't like the term "blockchain"
by
ArumiBTC
on 28/04/2024, 09:06:18 UTC
The meaning of a name can vary depending on cultural, linguistic, and historical contexts. Names are often given to individuals to identify and distinguish them, and they can carry personal, familial, or societal significance. Some names have specific meanings or origins rooted in languages, traditions, or religious beliefs.

When someone asks, "What is the meaning of a name?" they are typically inquiring about the etymology or significance of a particular name. This can involve exploring the historical roots, cultural associations, or symbolic meanings associated with the name in question.

If you have a specific name in mind that you would like to know the meaning of, feel free to share it, and I can provide you with information on its potential meanings or origins.