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Showing 20 of 110 results by Charmekkd
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Board Beginners & Help
Re: Why do we spam
by
Charmekkd
on 05/01/2024, 16:52:10 UTC
I also don't know for sure what causes some members of this forum to write spam posts. However, for beginners it is still normal if the writing is still spam, because they are still in the learning stage. But for members whose ranks are already high, I also don't understand why there are still people who write spam. In fact, if you look at the ranking status, it is clear that this member has received many rewards from his posts which are definitely of high quality. But why do you sometimes still make spam posts?

The answer may be because there is a posting target that must be pursued.
Or because are busy.
Or the member could also force a post on a thread he doesn't understand.

Because of the three factors above, in my opinion the quality of posts can decrease and they can end up being spam posts.
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Topic
Board Beginners & Help
Re: How can I start investing in Bitcoin?
by
Charmekkd
on 05/01/2024, 16:02:18 UTC
Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?
Yes! Why not. investing in bitcoin this month is still a good time, especially if you invest in the medium term, this month will definitely be very good for investing in bitcoin. Because soon Bitcoin will enter the Halving cycle, so before that time comes, it would be better to invest.
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Topic
Board Bitcoin Discussion
Re: The general public still doesn't understand Bitcoin is still growing
by
Charmekkd
on 05/01/2024, 15:54:41 UTC
As time goes by, people who currently don't know much about Bitcoin will slowly become aware of it and find out more about it. So we have to deal with it calmly, and don't blame him too much either. Because to be honest, I've also been in the position of having a lot of doubts about Bitcoin, so I understand those people's situations. So let time solve it.
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Topic
Board Economics
Re: 4 COMMON MISTAKES PEOPLE MADE WITH THEIR FINANCES LAST YEAR THAT SHOULD BE AVOID
by
Charmekkd
on 05/01/2024, 15:46:22 UTC
Hello everyone
Wishing everyone a wonderful new year, I've taken time to draft and explain just a few mistakes a lot of people has been making when it comes to their finances over the years and do not even realize it.
 Here are 4 common mistakes people made with their finances last year that should really be looked into and avoided this year in order to achieve your financial goals.

1. NOT HAVING AN EMERGENCY FUND

2. NOT INVESTING

3. OVERSPENDING

4. NOT TRACKING EXPENSES


Happy New Year too friend.

That's right, my friend, these four points are points that are often violated by most people in managing their financial flows. It's true, implementing these four points is not as easy as we imagine. However, for the economy to be more stable and well organized, these four points must be put into practice well. Because if, for example, these four points are not implemented well, I believe it is very likely that the economy will not be well organized.

Moreover, points number 1 and 2 in my opinion are the most crucial points if not put into practice. Because emergency funds and investments are very important things to have. Because these two points play an important role in planning a better future.
Post
Topic
Board Economics
Re: The power of investment choices
by
Charmekkd
on 05/01/2024, 15:31:36 UTC

Another option is to spread ones portfolio amongst different coins but ensuring the have a greater percentage in projects with a visible future. It is better to win small and lose less than lose more and win less
Making Bitcoin the primary option and spreading secondary options to other coins is indeed a good technique. Maybe you could say that these two options are a very good balance in minimizing the risk of loss. However, even so, this does not mean that using this technique will not pose a big risk. Because as we know, market conditions are difficult to predict. This means that the second option can cause very large losses. Because Altcoins are sometimes difficult to predict, even though the project is clear and promising. But don't worry too much, because if we invest or trade Bitcoin or Altcoins, we must be able to bear all the risks. The point is, don't just be ready to accept profits. But also have to be prepared to accept the worst consequences.
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Topic
Board Bitcoin Discussion
Re: bitcoin fees and how we accept its volatility
by
Charmekkd
on 05/01/2024, 15:18:24 UTC

from this it can be concluded that changing bitcoin fees should not be an obstacle to bitcoin adoption.  For those who transact Bitcoin with small amounts, it's a good idea to pay attention to the time because you will definitely find the best time to process your Bitcoin transactions.
I agree with you, Op. It is true that expensive transaction fees should not be a barrier to investing in bitcoin. Because bitcoin transaction costs will definitely fall again and will not always be expensive. So when Bitcoin transaction fees are expensive, all it takes is waiting for the right momentum. The point is to be patient first, while collecting the money that will be invested in bitcoin. So when Bitcoin transaction fees are cheap again, then invest all the money have accumulated and the problem is solved. So if someone really intends to continue investing in bitcoin, it goes without saying that the transaction fees are expensive. Because you just have to wait, the transaction fees will be cheaper again.
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Topic
Board Bitcoin Discussion
Re: The general public still doesn't understand Bitcoin is still growing
by
Charmekkd
on 05/01/2024, 15:01:59 UTC

How do we educate people that Bitcoin is a continuously growing global currency that is still in its early staged and each big boom and crash is just its early growing pains? Its just crazy to me that people see Bitcoin becoming more and more valuable and its much much more valuable than the few thousand dollars it was worth when they likely first heard about it in 2017 and yeah they all think it was just a bubble that has passed and they missed out and there's no reason in paying attention to it or owning it now. And then of course they'll be surprised in 2024/2025 when they start hearing about Bitcoin again but then by 2026 when the next bear market hits they'll forget all about the past market cycles and go back to thinking oh it was a bubble and is now dead.
Not everyone is aware of bitcoin's potential and not everyone is interested in bitcoin. Maybe those are the right words for this situation. Because after all, it will definitely be difficult to convince someone about bitcoin, if that person is not really seriously interested in bitcoin.

Maybe leaving such people behind is the right thing to do and let them realize the potential of bitcoin itself. Because people like that are people who like to judge without experiencing it first. So let them realize it themselves and experience it for themselves. So that they are confident and don't feel doubts about bitcoin.
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Board Bitcoin Discussion
Re: Eight reasons why BTC will Fail. Thoughts?
by
Charmekkd
on 05/01/2024, 14:51:33 UTC
1. Predictable BTC loss is destabilizing.  Every transaction includes risk of  loss, meaning a greater portion of supply that is immobile will grow.  No, that's not solved with divisibility.   The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile.  If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.
Bitcoin does have risks, but don't be too paranoid. Because all other assets also have big risks that can result in losses. So risk is a normal and commonplace thing, therefore there is no need to exaggerate it. Because without you realizing it, most bitcoin investors know this risk. But the difference is that they don't think about it too much. Because if you think about it too much it will definitely turn into fear.

2. Big tech trends towards monopoly, BTC will eventually be controlled and one pool will control 51%.  Dominant pools already have emerged, which means Monoply is inevitable.  A truly decentralized system has no components that trend towards centralization.
For me, that's not much of a problem. Because if there is a person or group that monopolizes bitcoin, indirectly this will make bitcoin increase. So if, for example, rich people monopolize bitcoin, ordinary investors will not remain silent. In essence, when rich people monopolize bitcoin, ordinary investors must be able to take advantage of the opportunities from this monopoly. Cool
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Topic
Board Beginners & Help
Merits 1 from 1 user
Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed
by
Charmekkd
on 01/01/2024, 23:25:26 UTC
⭐ Merited by fillippone (1)
Post
Topic
Board Economics
Re: COVID is dead, "long live the new COVID". World economy get ready?
by
Charmekkd
on 30/12/2023, 13:23:13 UTC
Who knows what else will be planned with this new outbreak. Everything seems very boring because the motifs used are almost the same. But I hope this outbreak doesn't last long. Because this will indeed damage the economic system which is just about to recover.

Because Covid 19 has been attacking the world for almost 3 years. Apart from that, the impact felt is very large. So I think if this outbreak spreads, it seems like the world economy really doesn't know what it's going to look like.
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Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin will do to bank what Email did to post office
by
Charmekkd
on 30/12/2023, 13:15:05 UTC
⭐ Merited by fillippone (1)
--
If you briefly remember the progress of the times, the existence of the internet has really helped a lot. However, that doesn't mean everything can be done using just the internet.

Previously, the post office was the first choice for sending messages, but now there are many platforms that can be used to send messages. But even so, the role of the post office still exists today. In fact, there are still very many visitors. Although currently this service is widely used to send money. But the post office remains strong.

So perhaps do you guys think the reason why most countries are having some restrictions on Bitcoin is because of the effects it has on the bank that people prefer to invest there funds on Bitcoin instead of banks?.
This could indeed be a strong factor why many countries restrict bitcoin. Additionally, most countries may worry that their national currencies will be replaced by bitcoin. Although this is considered impossible, because the government in a country will definitely prohibit this.
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Topic
Board Beginners & Help
Re: ViaBTC offers no more free TX acceleration?
by
Charmekkd
on 30/12/2023, 13:03:31 UTC
It would also make sense if someone created a bot and took advantage of this situation for profit. Because the last few days from morning to evening I was waiting for 100 entries on viabtc, but strangely I didn't see a single entry that I could use. Even though at that time I always checked every hour. But in the end I still didn't get 1 accelerator quota.

There are several possibilities for all this to happen. The first possibility is that viabtc has stopped the service temporarily. The second possibility is that there are people who create bots and use up the accelerator quota.
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Topic
Board Beginners & Help
Re: Simple advice, don't get carried away by people success stories.
by
Charmekkd
on 30/12/2023, 08:40:32 UTC
Most influencers who like to advertise cryptocurrencies cannot be trusted. But maybe not all influencers who like to advertise cryptocurrency are like that. For this reason, don't focus on advertisements or other people's achievements. Because it could be that all these achievements are just lies, or that these achievements were really achieved by these influencers. In fact, it is not easy for us to imitate it. So basically we have to think more about reality rather than fantasizing too far. And the most important thing is to keep working hard and never give up.
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Topic
Board Economics
Re: Crypto investment vs real estate investment : Which one more dependable?
by
Charmekkd
on 30/12/2023, 08:30:33 UTC
Crypto investment vs real estate investment : Which one more dependable in the future
Though have been in the crypto space for quite some time now, I knew little about crypto. A friend of mine just introduced me to real estate investment.
Which one should I go for with a capital less than $2500?
Real estate or crypto, actually both assets are very good assets. But if your capital is only $2500, I think it's better to just invest in crypto. Because as far as I know, investing in real estate requires larger capital. Because if the capital is not too large, the profits that can be obtained will not be too large. However, if you choose to invest in crypto like bitcoin, you have a greater chance of making bigger profits.
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Topic
Board Beginners & Help
Re: Unless the prime suspect is caught, everyone is a suspect.
by
Charmekkd
on 30/12/2023, 08:23:13 UTC
The point is that the security and privacy of all of us is a priority, whether in the real world or in cyberspace. Because currently finding someone you can trust is very difficult. So to take safer steps, I really agree with all the points you explained. Because everything you explain actually happens a lot. Moreover, we as crypto users, of course in the real world or in cyberspace, feel the same. Because we all have assets that other people can steal by just sitting at a computer desk. For this reason, must always be alert and careful.
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Topic
Board Bitcoin Discussion
Re: Must you lose before you gain in Bitcoin investment?
by
Charmekkd
on 30/12/2023, 08:14:32 UTC
Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin.

For me, the most appropriate meaning is not that you have to experience a loss first, but a more appropriate term is that you must always be ready to experience the worst situation, namely loss. Because, for example, if you want to profit from Bitcoin investment, you have to make a loss first, which feels a bit strange. Because whoever is a bitcoin investor who wants to make a loss, of course everyone also wants to make a profit. So the term Bitcoin investment must make a loss first, in my opinion this term is a bit wrong.
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Topic
Board Bitcoin Discussion
Re: Will the transaction fee will high if I send small amount under $50
by
Charmekkd
on 20/12/2023, 08:14:42 UTC
Will the transaction fee will high if I send small amount under $50
The fee or transaction sending fee will remain the same, even if you send a small amount of Bitcoin. But even so, if you don't know, the transaction fee can be adjusted to suit your wishes. But if, for example, the bitcoin transaction fee in the mempool is rising, and you set it at a low cost, it is certain that the transaction will take a long time to be confirmed.
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Topic
Board Economics
Re: Some insights from seven years of BTC trading
by
Charmekkd
on 20/12/2023, 08:09:36 UTC
I went through the BTC myth from 3K-69K,
 but I traded at least 50 times during that period, and early this year so far I've been getting into short-term trading,
 which takes everything for granted. Thank God for giving me the best gift for my 40th birthday.
I would like to share this with you all. Short-term trading
Congratulations on your achievement, I am also happy. But honestly, it would be a shame if you sold your Bitcoin assets when the bull market hasn't arrived yet. Because if you hold it until the bull market arrives, I'm sure the profits you will get will be greater. But it was the best decision you made. The most important thing is that you are satisfied and grateful with the profits you are currently getting.
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Topic
Board Economics
Re: Do you still use Banks ?
by
Charmekkd
on 18/12/2023, 15:27:46 UTC
Nope.

Saving in banks is a waste of opportunities to make profit with your money, and a lot of inside jobs always happens, like some random amount from your account will be deducted out of nowhere and you don't even know who accessed it without even asking for your confirmation and like security code. Worst thing is that they would not even compensate it, just a not sincere apologize because their system was hacked or something else just for an excuse.
Saving money in the bank every month must have a fee that must be paid, which is taken directly from the account. Personally, in my opinion, the amount is not too big, but if the bank continues to charge this fee every month in the long term, if you think about it, it will definitely be quite a large amount. So this will be a bit burdensome too. But it can't be helped, that's the bank's terms. So it's natural that you are no longer interested in using a bank. Because the rules and regulations are a bit burdensome. I personally still use a bank, but to minimize my monthly bills a little, I decided not to use an ATM card, so the monthly costs are a little cheaper.
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Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Transaction is pending because fee was too low, now what
by
Charmekkd
on 18/12/2023, 15:12:34 UTC
⭐ Merited by fillippone (1)
Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?
Recently, bitcoin transaction costs have been very high, this will certainly burden bitcoin investors who have small amounts of assets. However, if you have a bitcoin transaction that is stuck, and not confirmed after several days. Usually the transaction will be canceled and the bitcoins you sent will be returned and will remain safe, so don't worry.

Unfortunate, in my app I don't have the possibility to bump the fee
If what you mean is the RBF feature, it means you have to change your wallet to a wallet that supports this feature. Like electrum and bluewallet.