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Showing 12 of 12 results by Doan Ha
Post
Topic
Board Economics
Re: Dedollarization is here, like it or not
by
Doan Ha
on 31/05/2023, 08:17:59 UTC
Quote
Since March of this year, discussions on "de-dollarization" in the international community have heated up sharply. According to Google data, the global search index on "Dedollarization" (Dedollarization) reached a perfect score of "100" in April this year, and the relevant discussions have reached the highest level since the data was available in 2004.

The issue of "de-dollarization" has been hotly debated internationally. The bearish sentiment on the US dollar has heated up, and the prices of gold and cryptocurrencies have risen. We believe that the background of this round of "de-dollarization" craze is quite complicated. So my personal point of view is to take some precautions. Of course, seeing that many rich people buy gold in kilograms, I want to say that this is not a very wise choice. People don't put all their eggs in one basket, so Bitcoin is also one of my choices. After all, the original intention of Bitcoin is to fight against the US dollar's global harvesting of assets.
Post
Topic
Board Economics
Re: Saving one third what you earn monthly is not that hard, isn't it ?
by
Doan Ha
on 29/05/2023, 09:05:04 UTC
If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000 if you, let's say, spend $500 to $800 on rental, a guest bedroom in a shared house/apartment, $500 on food, $50  on utilities, $150 on phone/internet bills, $400 on commuting costs or gas/maintainance if you have a used car, $200 on occasional entertainment or others. This $1,000 savings will allow you to invest or place a house down payment when time is ripe. Is this possible based on where you live ?

This is a very real question, in the area where I live, my expenses are greater than my income. And there are many unexpected things happening. It is a satisfying state of mind to be able to achieve a balance of income and expenditure every month.
Post
Topic
Board Altcoin Discussion
Re: Bounty hunter is considered as investors with a big patience.
by
Doan Ha
on 15/05/2023, 02:11:26 UTC
Bounty hunter is a nice word, but in reality, I personally feel that it is very annoying. Many people don’t make any contribution, and they simply use account farms to get early tokens or cash, just to make money , and the item is not reviewed. Of course, some legends and heroes in the forum have a bottom line.
Post
Topic
Board Altcoin Discussion
Re: The NFT hype makes Opensea rich
by
Doan Ha
on 06/01/2023, 01:56:35 UTC
Opensea also makes a lot of people rich and this has been a great platform to sell your NFTs because there are many users who are willing to buy some NFTs. This is their Business, they did a great job and now they are enjoying the fruit of their work.

Scams, fake projects are already part of this market, if you are afraid to fall for that better to study first before investing or buying any NFTs, don’t just follow the hype lear from it.

OPENSEA is indeed very friendly to users, the information of NFT is relatively timely, and it supports a variety of payment methods. What attracts me the most is that many NFT works of ordinary users suddenly become very popular without knowing why, and they have great benefits. This place is full of magic.
Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: El Salvador will be the richest country in the world in 8 years?
by
Doan Ha
on 04/01/2023, 01:33:11 UTC
⭐ Merited by JayJuanGee (1)
I saw this post and what do you think? Is it possible for him to become that rich in such a short time?

look at the post here https://boletimbitcoin.com/2022/05/19/com-o-bitcoin-el-salvador-sera-o-pais-mais-rico-do-mundo-em-8-anos/
Bitcoin may have enriched the government of El Salvador, but not as a country. The real wealth is that the country's economic order is stable, the military power has become stronger, and it is no longer controlled by other big countries. Everyone is in a state of balance. As the first country to adopt Bitcoin as a legal tender, El Salvador deserves praise. His success or failure will give many positive guidelines to latecomers.
Post
Topic
Board Bitcoin Discussion
Re: Your Life After 10 years in Bitcoin...
by
Doan Ha
on 28/12/2022, 06:28:28 UTC
I haven't used bitcoin for such a large number of years. Maybe after using ten years I'll get good benefits of the same. Just after three years of bitcoin I got good fortune out of it. But, I wasn't able to make it benefit me. Once again I've started to accumulate my earnings targeting the next halving days. Hope to see a big change by then.
In the past ten years, I don't think I am a loyal user. Up to now, I have uninstalled the APP of the exchange and sealed my mnemonic. Looking forward to the bull market and restarting my wallet.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will not become the world currency.
by
Doan Ha
on 27/12/2022, 08:10:59 UTC
bitcoin could be the world's currency, but maybe not.
In my opinion, Bitcoin has great potential to become a world currency, but it's just that many countries still don't legalize Bitcoin and other cryptocurrencies, from this reason it becomes a bit of a serious problem in adjusting Bitcoin to become a world currency, but I see that many countries have accepted Bitcoin, there are also countries that must first exchange it for local money and there are also several countries that do not need to exchange it for local money.

I have the opposite view, bitcoin has no potential to become the world currency because of its decentralization. The government will never let that happen unless they figure out how to control it.
El Salvador recognizes it as legal tender, meaning using it as an official currency since they do not have their own currency, they are using USD and accepting bitcoin as part of their economic recovery plan. For countries with strong local currencies, like the US or China, they have no reason to give up their currency for something they can't control. There is no way for bitcoin to become the world currency.

El Salvador's future since becoming a legal tender is still a mystery, they are still on the experimental stage and its outcome is not yet confirmed. Other countries or places in the United Arab Emirates, Kingdom of Saudi Arabia and Singapore is also looking forward to become one of the legal tender but they just cannot fathom the risks for now and chose to observe El Salvador's outcome first before taking a huge leap.

And for the bitcoin to become the world currency is not yet possible in the next decades to come and I reckon that it's not also created to be like that. Just like what you've said, the governments of each respective countries aren't going to allow that to happen as there's no way that they can control it as it's also not designed to be controlled.

Whether Bitcoin can become a world currency is a long process, but it is still full of imagination. For many investments, there is no ceiling and a bright future is their investment direction. Although Bitcoin's team is mysterious. But it is undeniable that the market is in a downturn, and many large investment institutions have also suffered huge losses.
Post
Topic
Board Bitcoin Discussion
Re: Will there ever be any safe centralised exchange ?
by
Doan Ha
on 15/12/2022, 02:34:11 UTC
Personally none of them anymore. It’s an obvious reason that centralized exchanges are not meant to be trusted by us since they will only take advantage of our funds and use them for their own progress just like what centralized banks did to our deposits and let others borrow it so they can grow their own business while leaving our money with just a very little interest. So sad that a lot of people have been blind on that and until today, people are still trusting centralized exchanges even after the scandalous event of FTX.

I think we can trust some reputable centralized exchanges of their service.  Reason why despite the risk we still conduct trading on their platform.  But trusting and being safe is different.  Centralized exchanges can be a safe trading platform but not a safe platform to keep our coins due to possible hacks and exploits that can cause the fund of exchanges drained.  So it is best to just use the service as it intended to be than using it beyond its service description.
Several centralized exchanges in the head are still available, but they are not trustworthy. SBF has been denied bail and the felony could get him life in prison. So there is no trust in centralized exchanges, but it is indeed a paradise for many speculators and gamblers, especially investors who make contracts and use leverage.
Post
Topic
Board Beginners & Help
Re: Two important lesson I learn from this forum this year 2022
by
Doan Ha
on 10/12/2022, 02:01:58 UTC
As 2022 is almost coming to an end and haven't been around this forum for a couple of months now, I have learn two vital lessons this year that will guide my journey in the cryptocurrency space.
THE TWO LESSONS
1: I will never trust an exchange, most especially centralized exchanges e.g FTX Binance, etc.
2: never n trust any other coin aside from Bitcoin for long-term goals, most especially the highly centralized altcoin as there are open to external influence just like centralized exchanges are also exposed to external influence.
So I am led to the conclusion that, cryptocurrency is not the problem, but centralization and the human factors are the major set back in the young fast-growing cryptocurrency industry

In many cases, there is nothing wrong with the tool, but the person who uses the tool. Why should a decentralized world choose a centralized toolkit? If your financial loss is serious, how many people can see themselves clearly and find the reason for the failure from themselves? This is worth pondering. The key to solving problems is education and learning, which is mentioned by many people in the forum. But there is no perfect world. How can someone grow without making mistakes?
Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Strong Hands Are Buying
by
Doan Ha
on 05/12/2022, 02:13:36 UTC
⭐ Merited by JayJuanGee (1)
Well, that's not surprising. Good deals are made by buying cheap, and now is a time when Bitcoin is cheap. We can't know i the next few months it could go lower, I wouldn't rule it out, but we are definitely in a clear buy zone if you plan to hold bitcoin for the long term. Uninformed retail investors usually do the opposite: they bought above $60-69k and sold recently.
The bear market has caused extreme panic to many bitcoin holders. What I know is that many investment institutions have gone bankrupt because of the decline of bitcoin. It also caused global panic for the majority of retail investors, and the belief they continued to hold for a better life was also shattered. Many investors no longer have more funds to continue to buy low-priced bitcoins. Of course, for those who have doubts about Bitcoin and do not own Bitcoin, this time may be the time to open a position. It is undeniable that profit is the goal of all investors, regardless of whether they have ideals and beliefs or not.
Post
Topic
Board Bitcoin Discussion
Re: Don’t make any crazy/suicidal moves in this bear market
by
Doan Ha
on 16/11/2022, 02:20:11 UTC
Uniswap is a DEX which means no one is storing there token in there and not related if your main subject is not your keys not your coins against using centralized exchange.

FTX recent hacked is not a breach but rather a planned insider job to exit some money on there dying business.  FTX is already fallen when the hacked is already occured somI wouldn’t say that it’s the main cause for there downfall but rather the shady deal of there CEO.

Whether or not there was a conspiracy in their operation, I was not involved in it. Maybe I'm too naive or not very smart. There are a few things I haven't done, 1. I don't operate frequently on centralized exchanges, and I stay away from the secondary market. 2. Bitcoin or digital currency is not everything to me, it is just a way for me to invest and manage money. 3 I have a normal mentality. If the encrypted world collapses, I will fail to invest. After all, I don’t have a lot of money.
Post
Topic
Board Bitcoin Discussion
Re: Are Your Kids Aware Of Bitcoin? Teach Them.
by
Doan Ha
on 14/11/2022, 02:21:27 UTC
The dream of every successful businessman or woman is to have a good successor. you can not be in the light in which bitcoin has brought you to and allow your children to suffer because you failed to teach them the secret behind your wealth. Let your kids know that bitcoin is the surest way to financial freedom, teach them now that bitcoin is of more value than fiat currency, educate them about the importance of bitcoin to mankind, let them know that bitcoin has changed the economy of countries who saw the light in it and adopted it as a means of doing transactions.

Now that your kids are young and vibrant, be their tutor, ensure they are bitcoin oriented, save them from financial dependency, encourage them to rely on bitcoin instead of saving fiat currency that Depreciates now and then.

Our kids represent the leaders of tomorrow, let's teach them about bitcoin now that we can.



I may not, there are new things in an era, I may not have a long-term plan, I only want my children to be healthy. For a child, I will support what he likes to do as long as it is suitable for his age. If he is interested in bitcoin or blockchain, I will also consciously cultivate and teach such knowledge. This is an important premise.