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Showing 20 of 30 results by Scaterbrainn
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Board Bitcoin Discussion
Re: El Salvador will be the richest country in the world in 8 years?
by
Scaterbrainn
on 03/01/2023, 06:20:57 UTC
That’s not convincing. Bitcoin is being called a risky asset at the moment and a country that has accepted it as a legal tender might face issues in establishing it in their country.
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Board Trading Discussion
Re: Please Suggest Some Free Crypto Trading Signals
by
Scaterbrainn
on 30/12/2022, 11:16:18 UTC
I am Mining and Trading Crypto since 2017.

why should trust the signal? I think it's because you are not very confident in your abilities.
those who provide signals are only sharing predictions, no one is giving guarantees for their success rate.

If you've been trading for a long time, I doubt if you're still following the signals. or maybe it's been a long time since you did anything to improve your trading skills.
Even some experienced traders rely on signal services, social trading or other strategies for different reasons. I am a firm believer of learning and trading on my own but I still have a copy trading account on zulutrade. One, because I get to diversify my portfolio without much effort. Two, I get to observe pro traders in action and learn something from them. OP may have similar interests.
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Topic
Board Bitcoin Discussion
Re: should I be concerned about the history of bitcoins when buying them ?
by
Scaterbrainn
on 09/12/2022, 09:46:16 UTC
A little knowledge of the past movements will give you an idea of how bitcoin has behaved in the past. This will also make you understand what you must expect from it in the future.
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Board Bitcoin Discussion
Re: At what age did you start learning about bitcoin?
by
Scaterbrainn
on 25/07/2022, 05:04:20 UTC
I started last year. I was considering investing in bitcoins from before but never really did it due to some personal reasons. Since I invested, it has changed my life for the better. I had read about it years back. Just never had the confidence to make a move.
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Board Bitcoin Discussion
Re: What do you think we should do with our investments in times of uncertainty?
by
Scaterbrainn
on 25/07/2022, 04:53:44 UTC
You need to be ready to face any kind of uncertainty in this market. It takes time to understand how to make the right moves.
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Board Bitcoin Discussion
Re: why we should Buy some Bitcoins
by
Scaterbrainn
on 01/06/2022, 04:51:32 UTC
The price of bitcoin is really uncertain at this point. The value of bitcoin has dropped from above $40k since the beginning of the year, to around $30k now. Although Bitcoin remains the strongest cryptocurrency in the world, I think that this time is good for people to trade and scalp bitcoin due to its daily high volatility rate.
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Board Bitcoin Discussion
Re: The first gas station to accept Bitcoin in my region
by
Scaterbrainn
on 31/05/2022, 05:11:56 UTC
That’s great! These little things give hope to bitcoin enthusiasts like me.  Paying in Bitcoin for day-to-day life necessities has been a dream for many bitcoin lovers like me.
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Board Bitcoin Discussion
Re: Pay for coffee with Bitcoin
by
Scaterbrainn
on 31/05/2022, 05:01:26 UTC
You can receive a supply of coffee the size of a small apartment if you spend 1 bitcoin on coffee. You can buy products with fractions of bitcoins, but paying for them online using bitcoin is difficult.
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Board Bitcoin Discussion
Re: Is it a good time to start accepting BTC?
by
Scaterbrainn
on 30/05/2022, 05:11:54 UTC
It all relies on the nature of the business and the need for replenishment. If you must buy back for more sales right away, I recommend exchanging your Bitcoin for money. You may make a plan to invest in Bitcoin. The current bear market is an excellent moment to BUY, yet you should use caution because the market could possibly fall further. In general, when investing in Bitcoin, as with any other asset, it is critical to invest only what you can afford to lose.
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Topic
Board Trading Discussion
Re: Copy Trading - experience and tipps
by
Scaterbrainn
on 24/05/2022, 11:48:59 UTC
Some tips to keep in mind while copy trading:

1. You should have basic trading knowledge.
2. You need to choose a reliable copy trading platform. Some good options include zulutrade, duplitrade, forex copier and b2broker.
3. Only copy trades from a trader whose trading style aligns with your requirements
4. Risk a small amount initially. Understand the process before trading with large capital.
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Topic
Board Bitcoin Discussion
Re: Will Bitcoin's price stabilize someday?
by
Scaterbrainn
on 15/04/2022, 10:57:53 UTC
Bitcoin has achieved a lot nearly 13 years since its inception. Ever since mainstream adoption skyrocketed like crazy, prices have never been the same as they were before. As it's been proven over time, Bitcoin outperforms Gold, Silver, and nearly every other asset on Earth. Despite widespread adoption of Bitcoin by mainstream businesses, companies, and governments alike, prices relative to Fiat haven't stabilized yet. It's something that I find odd, since institutional investors are already in the game. Not only that but some ETFs have been approved by the SEC. If Gold's price is relatively stable, why can't Bitcoin be the same?

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance. Smiley

I think the main reason of volatility in Bitcoin price is market cap which is still far low when we compare it with stocks and commodity markets and this is why any whale can shake its market easily. The other reason which puts its investors at high risk is negative news in the media like hacking of exchanges/wallets and rumors of selling by major investors . The governments all over the world are trying to  bring Bitcoin under their control so that people don't get into huge risks and troubles.

https://codecondo.com/bitcoin-reasons-why-its-price-is-so-unstable/#:~:text=One%20major%20reason%20why%20bitcoin%20price%20is%20not,that%20you%20can%20manage%20as%20per%20your%20profits.
This difference in the market caps of both the markets (Cryptocurrency and Forex) has resulted in the high volatility. Until the market cap of cryptocurrency becomes in trillions like forex, it is highly unlikely that bitcoin can become stable.
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Board Bitcoin Discussion
Re: What's preventing bitcoin from worldwide adoption?
by
Scaterbrainn
on 15/04/2022, 10:55:11 UTC
The main reason that is preventing mass adoption is the fear of governments. Bitcoin being deprived of control governments won’t be able to track the transactions and the profits made.
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Board Bitcoin Discussion
Re: Where to store your keys?
by
Scaterbrainn
on 14/04/2022, 08:20:18 UTC
One can opt to save the keys on a personal computer wallet. The keys will be retrieved only by using a password.
Second, one can also prefer to print the keys on paper and keeping them in a bank locker.
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Board Bitcoin Discussion
Re: Russia's approval of BTC
by
Scaterbrainn
on 14/04/2022, 08:17:39 UTC
The intentions of Russia should not come true. After the invasion of Russia on Ukraine has resulted in cutting off Russia from the global financial system. The sanctions imposed have plunged the Russian Ruble. And now they see cryptos as the hope of securing their financial system. But, that won’t be sufficient.
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Board Bitcoin Discussion
Re: Crypto Scams now the second largest in the world
by
Scaterbrainn
on 11/04/2022, 13:23:16 UTC
I mean yeah this ain't really too surprising to me. Since I took interest in bitcoin and signed up on some websites and stuff - or maybe its just due to my search data being used/sold in a particular way, I found myself getting more and more spam emails that were related to crypto in some way or the other. Invest in this, buy that, click here to get x BTC! I mean its obvious that this is going to happen - specially with a decentralized currency like BTC - which people still know pretty less about and aren't completely aware of how it works. Hell, you see these kind of scams with fiat/netbanking transactions - ofc its going to happen for crypto aswell.

But I'm afraid that NFTs have actually made this worse than it ever needed to be, and ofcourse the ICO for shitcoins - which people blindly invest in without looking into their history and then the project just up and vanishes. Its pretty much our duty to educate others/who are new to crypto about these to make them less gullible to these scams.

Only awareness can protect us from being scammed. People themselves should be able to identify scams and avoid it.
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Board Bitcoin Discussion
Re: An Unforgettable Day In my Crypto world
by
Scaterbrainn
on 11/04/2022, 12:37:53 UTC
I’ll never forget the day when bitcoin crashed in 2019. I sold all my bitcoins in panic which I regret totay.
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Board Bitcoin Discussion
Re: Have you, or would you ever use a Bitcoin ATM?
by
Scaterbrainn
on 11/04/2022, 12:31:35 UTC
Bitcoin ATMs are not available in my country yet. I have only exchanged bitcoin through cryptocurrency exchange. But, I hope this service will start soon in our country too.
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Board Bitcoin Discussion
Re: Curbing Blockchain evolution?
by
Scaterbrainn
on 11/04/2022, 12:00:16 UTC
The blockchain will expand in terms of its usage in different aspects apart from cryptos and NFTs with the advent of 5G. This will allow us to save time and money.
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Board Beginners & Help
Re: Scammers show no mercy, this is how serious crypto investment has become
by
Scaterbrainn
on 07/04/2022, 09:31:41 UTC
Scammers will never stop to exist until we are all knowledgeable enough to understand that there is no such thing as invest X and get a 30 to 100% weekly or monthly. Because that's exactly the strategy scammers now use this days.
Traders should first be able to identify the scam to avoid it. They should know there is no such thing as free lunch. There are different types of scams that are propagating in the market and traders should be aware of them.
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Topic
Board Beginners & Help
Re: Don't be too greed for more gains....
by
Scaterbrainn
on 07/04/2022, 09:24:03 UTC
I have met people who buy many coins at the same time and then lose all. They do not analyse what is actually going on in the market and they buy them just because they heard someone saying buying cryptos will give them profits.