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Showing 20 of 29 results by Sikinkato
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Board Bitcoin Discussion
Re: It is ok to sell your Bitcoin.
by
Sikinkato
on 31/01/2023, 07:07:26 UTC
I've been in this crypto space for a while now and there is this mentality instilled in people that seems selling ones coin is bad and one is heading to failure which is very wrong at least from my perspective.
I've always been on the track that investing in Bitcoin simply means buying low and selling high,  which I think is one of the keys to success in the crypto Industry. I always tell people that the moment you buy at a certain price and it starts rising possibly to a price that you feel ok and contented with, then you should feel free and confident to sell atleast to get the profit first and always use stop loss just incase the price drops, rather than having a little portion of Bitcoin and letting it get liquidated just because you want to preach and prove HODLing, trying not to feel odd.
So my question is:
~ Do people hodl just because others are HODLing?

Everyone has different goals of interest. Buying or selling or continuing to hold, the ultimate goal is to profit from it.

Quote
~ Why do people hodl rather than sell and buy again when low

Investing in Bitcoin is a long-term investment for many people, and it is best to accumulate as much as possible when the price is low and hold it for a long time.
Post
Topic
Board Economics
Re: Can I take a loan to invest in bitcoin?
by
Sikinkato
on 31/01/2023, 06:39:42 UTC
"Can I take a loan to invest in bitcoin" this question was asked by a friend

My reply to her is this:
It is generally not advisable to take out a loan to purchase Bitcoin or any other cryptocurrency. Cryptocurrency markets are highly volatile and the value of a particular coin can fluctuate greatly in a short period of time. This means that the value of the coin you purchase with a loan could drop, making it difficult to repay the loan. It is important to do your own research and make sure you understand the risks before investing in any financial product, including Bitcoin.

What is your advice?
Investing in Bitcoin does not guarantee a profit. It is not wise to invest borrowed money. The encryption industry is risky, only invest the amount you can afford to lose, and don't bring more pressure and more losses.
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Topic
Board Altcoin Discussion
Re: Who are responsible for the bear run
by
Sikinkato
on 11/01/2023, 06:00:25 UTC
The crypto market has been through bear markets many times, which is an inevitable cycle in the market. It is inevitable that bear markets always follow bull markets. No single event sparked a bear market, they just exacerbated the timing of the situation.
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Topic
Board Altcoin Discussion
Re: Free crypto possible ? Or impossible?
by
Sikinkato
on 10/01/2023, 07:31:53 UTC
So is there any Free crypto coins tokens ?
Like Youtube is full of videos but non of them brought to me Free crypto.
Can any legit old member enlight us here from where we get the Free crypto.
We have try faucets but it's waste of time.

So many newbies Also want to know how to get crypto for real ?

And we want instant payments into our wallets not like the faucets doing it we have to wait month before we can withdraw 2$ into our wallets.

So IS there any sure way to get some Free airdrops instant please dont suggest those here who might pay maybe not Im Looking for sure deals.
Getting free stuff in the crypto market is not easy. If you want to make more money, you must take action to reap the rewards. While airdrops are free, their value is unknown. Don't expect too much to get free coins, invest in yourself and maximize your returns.
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Topic
Board Bitcoin Discussion
Re: Long-term Bitcoin accumulation continues
by
Sikinkato
on 04/01/2023, 06:43:36 UTC
Although the crypto market is not optimistic now, there are still many investors who continue to accumulate more bitcoins. Markets are always volatile and it is wise to accumulate as much as you can than the volatility of cryptocurrencies. Prices will be bullish again when the market recovers and demand for it continues to increase.
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Topic
Board Bitcoin Discussion
Re: How important are exchanges?
by
Sikinkato
on 04/01/2023, 06:21:28 UTC
Bitcoins can exist without exchanges, but would you support the argument that the existence of exchanges are among the factors facilitating the popularity and accessibility that people have to bitcoins?

Exchanges play a big role in the crypto market by making it easier to buy, sell and trade cryptocurrencies.
The presence of exchanges also has a big impact on Bitcoin popularity. Make holders more convenient and comfortable, and make it easier for more people to enter the market.
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Topic
Board Beginners & Help
Re: Tips to Becoming a Successful Holder
by
Sikinkato
on 04/01/2023, 06:09:12 UTC
To be a successful holder requires firm belief and plenty of patience. Learn more about crypto to analyze market trends and wait to find the right time to buy and sell to make a profit. Good emotional management is also important. Don't be afraid to sell the currency you hold because of the market. Those who hold on to it for a long time will always profit from it.
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Topic
Board Altcoin Discussion
Re: Trading Crypto With a Job..
by
Sikinkato
on 17/12/2022, 03:24:43 UTC
Does anyone here day trade crypto successfully whilst working a full time job?

I have medium experience with trading crypto and over the last few weeks have been mainly using the TradingView scalping indicator from https://cryptochiefs.io with good results. The problem is that I find it really difficult to manage the trades properly whilst working as they move fast any normally require that I am watching the screen. Kind of thinking I either need to forget about the idea or scale up from where I am and go full time.

Those of you with normal jobs, are you day trading or mainly long term crypto investors/ HODLers?!!
Trading is not an easy job and it is very difficult to do it if you work full time. Trading is time consuming, it has to be constantly watching the charts and analyzing the market to find when to buy or sell. Without time and focus, trading can become a burden and result in failure and loss.
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Topic
Board Bitcoin Discussion
Re: Why Small Scale Businesses should accept Cryptocurrencies as a medium of payment
by
Sikinkato
on 16/12/2022, 08:40:32 UTC
Small businesses are not allowed to accept cryptocurrencies as payment. Not everyone knows about cryptocurrencies, not everyone can use it, and some people are unable to trade in cryptocurrencies. The price fluctuations and transaction fees of cryptocurrencies also impose certain restrictions on transactions.
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Board Trading Discussion
Re: Why everybody is panicking ? Its a game of greed and fear !
by
Sikinkato
on 16/12/2022, 07:43:30 UTC
In trying to put more pressure on the market by constantly monitoring a supposedly long term bitcoin or cryptocurrency investment, one ends up putting pressure on themselves as, the market is and will always remain a collective effort from the whales to make any huge difference.

The market is a highly volatile environment and most times more than  anticipated, it always looks as though your loosing, as though it was set against you and that builds pressure on you as an investor. Pushes you not to invest or sell your crypto portfolio due to phobia of further falls.

Staying away the charts becomes a reliable strategy to be in the market not minding the market condition.
Panic is inevitable. The market is unpredictable and they don't know what to expect. Many traders or investors will panic because the price will continue to fall and lose money. When they have a better understanding of the crypto market and more experience, they can properly control their emotions and reduce panic.
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Topic
Board Bitcoin Discussion
Re: Will Crypto survive?
by
Sikinkato
on 12/12/2022, 08:23:17 UTC
Cryptocurrencies are sure to survive. Volatility is common in the crypto industry and cryptocurrencies are a little stronger. Volatility is a normal part of cryptocurrencies, and despite the downturn in the market, it is still a development. You can buy as many accumulation assets as possible, prepare for the bull market season, and wait patiently for the return of high profits when the market recovers.
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Topic
Board Bitcoin Discussion
Re: Bitcoins future is Bright
by
Sikinkato
on 08/12/2022, 07:55:44 UTC
The future of Bitcoin is certainly bright because we have seen Bitcoin rise in price once. But just as steadily as it had risen, the value of Bitcoin fell again. But currently the condition of all currency tokens including Bitcoin market is not very good. First of all if the value of Bitcoin increases then the value of all other coins will increase. Bitcoin is currently held by most people for the future. However, after a few years the value of Bitcoin will exceed almost $100k. So the road map of Bitcoin is very bright in future plans.

With the cryptocurrency gaining popularity around the world, the future of Bitcoin seems to be getting brighter. At present, some countries have adopted Bitcoin as a legal payment method. In the future, there will be more and more Bitcoin users and investors, and more people will join the encryption industry.
The success of Bitcoin has also been proven by time. The current bear market has given many people the opportunity to accumulate more bitcoins, and the sharp drop in price means there is an opportunity to buy bitcoins at a low price and make a profit. Bitcoin is creating wealth for everyone, and I believe its future is very bright.
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Topic
Board Altcoin Discussion
Re: The goodness of long-term investing in cryptocurrency
by
Sikinkato
on 08/12/2022, 07:12:28 UTC
The best token suitable for long-term investment is Bitcoin, and its development history of more than ten years has proved this point. Even in a bear market, Bitcoin is still in an upward trend from its appearance to now.
The market is completely unpredictable and highly volatile. Not all cryptocurrencies are very long-term investments, and decisions about long-term or short-term investments should be made based on research on the tokens.
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Board Trading Discussion
Re: The patience to hold is a gift
by
Sikinkato
on 06/12/2022, 07:06:30 UTC
Many investors and traders want to make a quick profit in the market, but when the market goes down or in a bear market, they panic or fear investing and always end up losing money.
So patience is the key to investment or trading. We must have enough crypto investment experience to choose and have enough patience to hold tokens for a long time. When investors are patient enough to wait for the right selling opportunity, they can make a profit. Be patient and wait for a bull market to arrive before selling to profit from your investment.
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Board Altcoin Discussion
Re: Are stablecoins safe?
by
Sikinkato
on 06/12/2022, 06:49:31 UTC
Hello Crypto Fam.

So, the FSB has released a recommendation on stablecoin regulation. They are doubting the notion that stablecoins are "stable," arguing that issuers lack the necessary tools to keep their stablecoin peg at all times, implying that no stablecoin currently meets their recommendations.

This is what they said about it:

“Most existing stablecoin issuers promise (implicitly or explicitly) to maintain a stable value, typically relative to a single fiat currency. However, many of these existing stablecoins are issued by unregistered and unlicensed entities and do not have credible mechanisms to support their promise of price stability.”

What do you guys think about this? Would you recommend the use of stablecoins or they just aren't worth the risk?

Original source of the story:

https://tokenist.com/fsb-says-no-stablecoin-currently-passes-its-recommendations/



Stablecoins will be safer than other cryptocurrencies, but no cryptocurrency is truly safe, and neither is a stablecoin.

Long-term holding of stablecoins is risky. Investing in Bitcoin at low prices can diversify risks and be able to gain profits when prices rise to increase value
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Topic
Board Altcoin Discussion
Re: Elon Musk says the price of BTC will rise
by
Sikinkato
on 06/12/2022, 06:09:00 UTC
A few days ago, Elon Musk responded to a friend's tweet saying that the price of BTC may increase by the end of winter.  He also asked everyone to be patient.  It means that the future of BTCL is very bright and its price will increase.  We are all waiting for this winter to end and the market to return to its previous form.  InshaAllah the price of BTC and digital currency will return to the previous room thanks
Elon Musk always trying to be relevant in every way. No doubt, he is a wealthy personality and might have the ability to move the market sometimes but he shouldn't believe that will always be the case. If he really could, let him reverse the current market trend to a full bull market, I bet he can't. This market has its circles and has always follow through and until that is done, Elon is not telling us what we already know. 
He has wealth but he is not capable enough to move the market in opposite direction or wherever he wants. This will obviously tell us that the market can be influenced but it can't be dictated where it goes. I know that Elon Musk is right about saying the market turn high someday but never I think he will know when. He can just predict based on his observation but yeah, that is all he can do.
I know he holds some Bitcoin, which is why he showed some concern about it unlike before were he just focus on Dogecoin.

The price of Bitcoin is sure to rise again, but it will have to wait. People don't know the exact time when the bull trend will come. Bitcoin does not depend on anyone's words or ideas, and the encrypted market will follow the law to develop. We just have to have enough time and patience to wait for the market to return and enjoy the profits.
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Board Bitcoin Discussion
Re: Brazil Has Approved Bill Recognizing Bitcoin As a Payment Method.
by
Sikinkato
on 06/12/2022, 02:50:02 UTC

Bitcoin is considered a better payment method, which is a positive move for Bitcoin and the entire cryptocurrency industry. This major move proves that Bitcoin adoption has indeed progressed and that it is able to be widely used again.

Brazil has approved the decision to use Bitcoin as a payment method, which will attract the attention of more countries around the world, and more countries may legalize Bitcoin in the future.
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Board Altcoin Discussion
Re: ONE MAJOR LESSON LEARNT SO FAR THIS WEEK FROM THE CRYPTO MARKET 😥
by
Sikinkato
on 19/11/2022, 03:08:44 UTC
What lesson did you learn from the market this week?

I personally, learnt to always take profit.
That is a lesson you can learn from any other dump we have witnessed in the market in the past, so while important I do not think it is related to the events that occurred this week, a more important lesson is to always keep your coins in a wallet only you control, because as we have seen no exchange no matter how big or how good is their reputation is worth of that trust, as they could always collapse out of nowhere and then make you lose all your money with no chance of ever recovering it.
This is indeed correct and useful. Not your keys, not your coins. Don't trust any exchange, put assets into your own wallet, control your own funds to ensure safety. Always be vigilant in protecting your assets.
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Board Altcoin Discussion
Re: Does altcoins actually have the potentials of generating benefits to investors?
by
Sikinkato
on 19/11/2022, 02:59:36 UTC
Not all knockoffs will have the potential to be profitable. Altcoins are riskier than Bitcoin and can be profitable when you buy or trade the right items.
There are a lot of scam projects in the crypto market, so be careful when choosing them. Knowing the fundamentals of the project and knowing how to choose altcoins and handle your assets will make you as profitable as possible in altcoins.
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Topic
Board Altcoin Discussion
Re: Crypto is here to stay.
by
Sikinkato
on 19/11/2022, 02:48:21 UTC
Cryptocurrencies are here to stay, but that doesn't mean every cryptocurrency is here to stay, we're all waiting for the market to recover and the next bull run to come. Although the crypto market is in a downturn, there is always a lot of positive news happening in cryptocurrencies, so we must always maintain a positive attitude and believe that the development of cryptocurrencies is always moving forward.