Bitcoin was intended to be a p2p cashless digital money transfer system and it still is. But the moment volatility came along with the asset many shifted more attention to making profit by constantly trading it for other commodities as prices kept fluctuating. But how does it sound that an asset that has the potential of giving back a high ROI is spent like a common token. Bitcoin deserves some respect so i keep and make more funds for myself.
I think this is just human nature. Why would anyone think of the aim of bitcoin if they are at a loss? Though bitcoin is a long term asset and should be treated as one.
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Re: What do you do for fun?
by
Trapezium
on 15/07/2022, 04:35:03 UTC
I don’t have any specific thing in mind. I just do what I feel at the moment. If I feel like going out, I go out. Or if I feel like gaming, I do gaming. I try to flow in the moment.
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BoardTrading Discussion
Re: Would you advise a focus on indicators or the market itself for a newbie.
by
Trapezium
on 15/07/2022, 04:28:26 UTC
Indicators are important as they help traders to make more informed trading decisions. Without them, trading could become complicated. So, Yes, they should trade with indicators, but shouldn’t make trading too complex.
So when it comes to Bitocin being valuable, scarcity is the biggest factor when it comes to value fluctuation. Bitcoin is the pioneer and made decentralized blockchains a real thing. Mining for bitcoins involves a great deal of energy and power , and can impose a major cost to miners. With volatility and technology driven society, bitcoin actually made blockchain based transactions a reality.
One of the more reasons why bitcoin is valuable is because it can’t be forged and changed.
Right! Scarcity is the main factor that makes bitcoin equivalent to gold. Many people have already started referring to bitcoin as digital gold.
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BoardBitcoin Discussion
Re: Age of bitcoiners
by
Trapezium
on 07/07/2022, 04:31:27 UTC
There is no best age for holding bitcoin. One can invest in bitcoin as soon as he understands the market irrespective of age. Maximum of the bitcoin holders range from age 25 to 35.
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BoardBitcoin Discussion
Re: Bitcoin address re-usage can lead to theft of private keys
by
Trapezium
on 07/07/2022, 04:23:10 UTC
Do not trust any unreliable source. Hackers can filter the private keys and access the wallet and then steal the bitcoins. Be careful and smart enough to identify any fault.
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BoardBeginners & Help
Re: How safe are crypto wallets??
by
Trapezium
on 05/07/2022, 08:00:36 UTC
I agree with the OP’s point to divide the investment because it’s never good to keep all your eggs in the same basket. Half of my crypto investments are with capital wallet and another half with kraken. I’ve enabled an extra layer of security in both because I can’t take any chances.
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BoardBitcoin Discussion
Re: The unpredicted rise of BTC in 2022-2023 despite predicted bear market
Bitcoin may not go all bullish until 2023 but it will definitely take us out of the bear market. What it basically means is that we will soon see a bottom of bitcoin price and then start rising upwards. But we will face many corrections inbetween and it will take quite some time to go back to the ATH level. May be by the end of 2023 we can come out of the bear trend completely and start going bullish in 2024. That's what I think and things can go differently ofcourse.
True! All we can do is just speculate. Give some predictions according to what we experienced last Bitcoin's 4-year cycle. I have pretty much the same assumption. It looks like we are about to see an end to the current Bitcoin's 4-year cycle in the following months. We can possibly see a long sideways during this transition and some occasionally lower highs and lower lows until the market starts to pick up before the end of 2023 due to the hype of the incoming Bitcoin halving.
Sideways market will definitely happen this time and I think that we will soon see a little bounce back upwards. But again we will have to struggle with the current sideways market for a few months before we find a bottom. May be after that bitcoin will start to recover one correction at a time. I think it's time to take a break from the market while we sit back and relax.
Agreed! I am optimistic about this bullish crypto market movement. Even though no one can predict the future it is better to be patient and not panic.
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BoardBitcoin Discussion
Re: Where will Bitcoin stabalize??
by
Trapezium
on 04/07/2022, 05:37:10 UTC
The whole crypto market is down but it is anticipated that the market correction is about to start by the end of 2022.
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BoardBitcoin Discussion
Re: 8 months low, no better time than now.
by
Trapezium
on 04/07/2022, 05:28:21 UTC
Bitcoin is expected to rise upto $28K by the end of this year. This statement is released by Duetshe bank.
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BoardBitcoin Discussion
Re: Bitcoin can fight inflation?
by
Trapezium
on 01/07/2022, 07:14:39 UTC
I don’t know exactly about cryptos helping to fight inflation. But surely it can help as it helped Ukraine during the time of crisis,
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BoardBitcoin Discussion
Re: Bitcoin the only option left
by
Trapezium
on 01/07/2022, 06:53:21 UTC
Depending on the time period of the investments and the financial goals one should decide whether to invest in bitcoins or altcoins. Bitcoin is a good investment for long term investment whereas, altcoins are good short-term investments.
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BoardBitcoin Discussion
Re: Another "Bitcoin Is Here To Stay" Thread 😁.
by
Trapezium
on 01/07/2022, 06:42:11 UTC
Many people thought about bitcoin like this, but we all know the truth when the price of the bitcoin reached upto $54 K.
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BoardBitcoin Discussion
Re: China warns Bitcoin is heading to zero
by
Trapezium
on 30/06/2022, 06:22:02 UTC
There are many statements being passed by Chinese state-run newspapers about bitcoin after the drastic fall of Bitcoin. But many investors are calling this a cycle. And I too feel the same. The market goes down but it also goes up.
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BoardBitcoin Discussion
Re: Did Bitcoin Disappointed You ?
by
Trapezium
on 30/06/2022, 06:09:50 UTC
At that moment I felt sad when the price went down. But deep down I also know that the prices will surely bounce back.
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BoardBitcoin Discussion
Re: Bitcoin price and actions to raise it
by
Trapezium
on 30/06/2022, 06:03:20 UTC
The cryptocurrency market can be highly manipulative and there are many market whales influencing the pricing. But the price of Bitcoin will eventually rise irrespective of the increased prices of Dogecoin or ETH.
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BoardBitcoin Discussion
Re: Ignore the dip and Invest in Bitcoin for long term
by
Trapezium
on 28/06/2022, 04:32:32 UTC
Dip can be taken as an opportunity for making more potential investments. But, it is also important to know what cryptocurrency you should invest at that moment.
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Re: Most of us have lived a world of USD dominance, but history changes
by
Trapezium
on 28/06/2022, 04:21:16 UTC
I don’t think Bitcoin can dominate fiat. In earlier cases, fiat replaced fiat in dominance. Bitcoin may be used parallel to fiat.
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Re: Newbies: Don't panic and learn to hold
by
Trapezium
on 28/06/2022, 04:03:14 UTC
But one should also know what currencies to hold. One can’t hold any crypto without knowing its potential. It is said,”better to half loaf than to have nothing.”