How much drop in Bitcoin price in 24 hours is enough to convert into weak hands ? We all have some trigger point ? Even if you are a firm believer in crypto, it can be hard to remain invested if there is major correction in price over very short period of time .
It really depends on the person. Some panic at a 10% drop, while others hold through a 50% crash. Personally, I’ve seen massive dips like from $67K to $20K, and I still held on. Weak hands usually sell during corrections, but those who stay calm and stick to their strategy often come out stronger when the market rebounds.
How was Bitcoin mining done in the early days, and what changes have been made to the mining process since then?
When Bitcoin was first introduced in 2009, it was designed to be mined by anyone with a computer. The mining process was simple and only required a standard CPU to solve the mathematical equations necessary to verify transactions on the network. Miners would compete to solve these equations, and the first miner to do so would be rewarded with new bitcoins. Since the early days of Bitcoin, the mining process has undergone several changes. The most significant change was the introduction of specialized mining hardware known as Application-Specific Integrated Circuit (ASIC) miners. These miners are much more efficient at solving the mathematical equations required to mine new blocks and are much faster than traditional CPUs and GPUs.
Another change to the mining process is the increase in mining difficulty. As more miners joined the network, the difficulty of solving the equations increased, making it more difficult for individual miners to earn rewards. This led to the formation of mining pools, where multiple miners combine their computing power to increase their chances of solving the equations and earning rewards.
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BoardBitcoin Discussion
Re: How was Bitcoin mining done in the early days?
How was Bitcoin mining done in the early days, and what changes have been made to the mining process since then?
When Bitcoin was first introduced in 2009, it was designed to be mined by anyone with a computer. The mining process was simple and only required a standard CPU to solve the mathematical equations necessary to verify transactions on the network. Miners would compete to solve these equations, and the first miner to do so would be rewarded with new bitcoins. Since the early days of Bitcoin, the mining process has undergone several changes. The most significant change was the introduction of specialized mining hardware known as Application-Specific Integrated Circuit (ASIC) miners. These miners are much more efficient at solving the mathematical equations required to mine new blocks and are much faster than traditional CPUs and GPUs.
Another change to the mining process is the increase in mining difficulty. As more miners joined the network, the difficulty of solving the equations increased, making it more difficult for individual miners to earn rewards. This led to the formation of mining pools, where multiple miners combine their computing power to increase their chances of solving the equations and earning rewards.
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BoardAltcoin Discussion
Re: What is better to invest your funds in if the alt season starts?
by
Mohsin420
on 17/12/2021, 17:23:42 UTC
Yes it's better to invest in alt when alt session start because alt very risky so alt is best for short term or make your buying according to alt session then we will make money dot is best choice for long term and also good investment plan
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BoardAltcoin Discussion
Re: Guide me to choose right token
by
Mohsin420
on 17/12/2021, 11:33:25 UTC
To choice a right token is not a difficult we can easily find a good token best example is are top token available on binance because binance is a top exchange and also we can get a good token from IDO and launchpad
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BoardAltcoin Discussion
Re: Good metaverse tokens.
by
Mohsin420
on 16/12/2021, 17:26:21 UTC
Metraverse trend give us a lot return to our investment Mana and sand top metraverse project and also give a lot benefit in very short term period and also expected same as from other metraverse token like Enj , TLM, blok ,axs etc .
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BoardAltcoin Discussion
Re: Altcoin investment
by
Mohsin420
on 16/12/2021, 17:10:07 UTC
Alt coin investment is better because they can give us easily 2x+ profit easily provided if bitcoin remain bullish I recommend always choose top alt coin like dot icp and many best coin available in market
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BoardAltcoin Discussion
Re: 2022,which the next trend?next the fortune code?
by
Mohsin420
on 16/12/2021, 16:46:31 UTC
Market movement. Is not good yet so guess to anything right now not poosible may b we see a big dump in 2022 start but according to predictor next trend is web 3.0 so we need to .make buying to following this
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BoardTrading Discussion
Re: If you had 4,000.00 USD, what would you invest in?
by
Mohsin420
on 16/12/2021, 16:09:16 UTC
If I have first of all I will divide this portfolio in parts then invest according to market movement like after following trends and make every buying in dip so this thing give me good return
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BoardTrading Discussion
Re: Can you make money day trading Bitcoin?
by
Mohsin420
on 16/12/2021, 15:43:37 UTC
Yes it's not difficult to make money in Bitcoin day trading but now bitcoin price is very up so too much risky a sudden dump happened any time so then we face a loos so I recommend before any trades must do Some TA about market
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BoardTrading Discussion
Re: Why newbies lose huge money in trading
by
Mohsin420
on 16/12/2021, 14:57:51 UTC
Because newbies don't have any knowledge about crypto market crypto is always risky without any knowledge and mostly they follow any stupid person signal so this thing is not good that's why newbies loos money
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BoardTrading Discussion
Re: What do you think about staking?
by
Mohsin420
on 16/12/2021, 13:17:11 UTC
If you have good money and also fear in trading market so staking is best choice because in staking we can get a great return but it mostly depend on APY and your investment so always invest in best project not in shit project then we make good profit in both condition
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BoardIndia
Re: Buying BTC in India
by
Mohsin420
on 15/12/2021, 18:15:35 UTC
Buying btc in India and also In every country is not difficult many exchange give opportunity to buy bitcoin easily like wazrix we can easily buy Bitcoin from wazrix with low fee and also we can buy from binance which most popular exchange already so without any fear we can buy from binance
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BoardIndia
Re: Best Indian Crypto Youtubers
by
Mohsin420
on 15/12/2021, 18:06:46 UTC
According to me mostly top and best predictor and YouTuber are from India I am also following some famous YouTuber which is money guru sapna and phuspendra Singh this is my favorite and this Youtuber prediction mostly crroect
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BoardTrading Discussion
Re: which is a good option?? Trade or Hodl
by
Mohsin420
on 15/12/2021, 17:58:01 UTC
The trading process isn't very difficult, but because of unfavorable market movements these days, I recommend taking profit is better option . And also be able to make a good income percentage without any fear and have a fund when any big dump happens.
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BoardTrading Discussion
Re: What did you learn about crypto trading?
by
Mohsin420
on 15/12/2021, 17:44:46 UTC
According to my experience Traders can make a lot of money in the crypto market but a lot of money can be lost if we are ignorant about it. We have to check the market news regularly because a single bad piece of news can change the entire market. One technical analysis won't work and we have to check it regularly.
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BoardAltcoin Discussion
Re: What are the best ways to invest money?
by
Mohsin420
on 15/12/2021, 17:25:44 UTC
Some ways which I am also using always make buying and selling in parts and mostly According to trend because trend is our friends and try to make every buying in dip so if we follow this step we will never loose money and also make a good profit
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BoardTrading Discussion
Re: Learn more about trading
by
Mohsin420
on 15/12/2021, 16:56:07 UTC
Nowadays to learn about trading is not difficult YouTube is best options and also some popular predictor guide to people like money guru try very best to guide people I personally follow so recommended to follow this am sure you learn a lot