Many people made significant profits from the PEIPEI project, but I didn't invest at the time, and now I regret it. Similarly, a new project named Chichi with a lot of hype has entered the market. It's everywhere, and I wanted to ask if it's advisable to invest in such projects.
It's everywhere? I haven't heard about it before, lol. I prefer to avoid memecoins. I mean, nothing wrong with throwing a few bucks that you won't care about if you lose it is fine.
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Re: Bitcoin or Gold
by
fat buddah
on 26/06/2024, 07:52:09 UTC
I can't tell you what to do. But I already chose Bitcoin, I've been investing in it for a few years and I will keep doing that. And I don't have any Gold.
There are some betting you will make from your assets, it will not going to be a waste, because there are some memecoin are very good and if you invest in the due time, you will going to be among the lucky investors that will going to achieve income from the memecoin investment. Try to make a good choice on your memecoins investment, because the memecoin that will going to increase higher in the future, it will carry population of investors which is another way you can use to identify potential memecoins in the market. If you don't have the knowledge of making a good choice, you can make top altcoins like Ethereum, Solana and BNB your choice which are very good for investors to increase their income.
Yes, it's true that we have to invest with always positive thinking so that we get profits regardless of that Binance offers many options where you can buy several cryptocurrencies including memecoin and always be careful when buying memecoin, and that's what you need to pay attention to when you invest in making good choices.
Positive thinking is not making any difference, you just need to make smart decisions.
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Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
The only problem is complete transparency on the blockchain.
I'd prefer my employer not know my bitcoin wallet, previous and future bitcoin transactions. The same way I don't show them my bank statements month to month.
And yes, I'll not be willing to use mixers just to get locked out of the tradfi world and make myself another struggle cashing out btc for fiat.
Why is that such a big issue? I mean, they might know your receiving address, but not keyes, no way they'd be able to get access to your wallet. And they wouldn't know where exactly would you send it.
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are: -When is it the right time to invest in bitcon? -How can one start planning? -How do you follow up your bitcoin investment and other businesses? -What are the assurance that you are ready?
1. Always 2. Do your research and base your strategy on what are you trying to accomplish. You can DCA, buy dips, or even trade. 3. I'm DCAing, so I'm just checking my portfolio and watching the news from time to time. 4. When you did your research, understand that you need to invest only what you can afford to lose, and when you understand that it might be emotionally hard to see first dips or crashes and you will need to survive it.
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Re: Please, I urge you to buy bitcoin!
by
fat buddah
on 24/04/2024, 14:37:20 UTC
The classic picture. But I, to be honest, not buying Bitcoin now. After buying it below $20,000 it feels expensive to buy now. I'll wait for a better moment and focus on altcoins now. It may not come, but I'm satisfied with what I have currently.
These type of advices have been heard countless time but one thing is that not everyone will adhere to the advice. Also it is important to note that it is not only when you brag about your holdings that people will know that you own some bitcoins. Merely making bitcoin related posts on social media, sticking cryptocurrency related banners in your vehicle or wearing crypto polos can also expose you.
Does this mean that a person who accidentally bought a T-shirt with a Bitcoin logo at the market or a figurine that he placed in his closet in the shape of a coin is putting himself at risk? In this case, do we harm ourselves? It seems that someone is interested in and participates in the popularization of Bitcoin, but on the other hand, he takes on the risk of being caught in the dark corner of people who decided that he has Bitcoin.
Vicious circle?
Well, there is definitely a risk, that's true. It's not that big, I think, just haveing a T-shirt or something like that is fine. It's far more dangerous to tell people about your holding, especially if you're telling how much you have. You never what consequences it might have.
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Re: Upon the death of a bitcoin user.
by
fat buddah
on 27/03/2024, 15:17:40 UTC
Well, you can save your seed phrase so it can be passed after your death. Or pass it before that to your relatives whom you want to get your BTC. I suppose there are also many ways to do this, but I couldn't come up with them, I don't have such plans anyway.
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Re: Warren Buffet has dreamt last night - he met Satoshi Nakamoto and bought 100 BTC
Funny imaginary story. In reality there is only two scenarios, either Buffet has too much money and too much control (economically and politically speaking) that he doesn't care about what bitcoin has to offer or he has already bought a large amount of bitcoin and has improved his financial sovereignty without letting anyone know now or in the future.
I bet on the first option, I don't see any reason why would he buy Bitcoin, tbh. Also, I don't really understand what's the point of imaginary stories like that, lol.
Yeah, I prefer to say that too, crypto is already here and making moves. But still, it has a long way to go.
1. Hard to say, we don't know if crypto will remain niche for enthusiasts and companies as it is now. But we might be in it now. 2. It's the present, but has a lot of potential in the future. 3. Acceptance. Understanding by regular people what crypto is, that it's not just magical internet money or some online cash for criminals.
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Re: Is it too advanced to get into Bitcoin now?
by
fat buddah
on 23/02/2024, 15:26:47 UTC
I wouldn't say that it's too late. It's definitely hard to buy BTC at that price when it was below $20,000 last year, but most likely it will hit new ATH after the halving, this or next year. I would dive into it if I wasn't in BTC already.
I usually not much interested in such topic about meme coins, but do people still create and trade them? Isnt hype is already gone long time ago? Isnt meme coins most popular person (Elon Musk) still doing something about it and based on that people still create new animal related crap? Better trade bitcoin, make it more demanded and stimulate its price growth.
I'm kinda surprised how popular memecoins are to this day. Elon doesn't really do anything with memecoins, it's all on users and creators that promote them.
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Re: Dead Coins: Over 50% of Cryptocurrencies Have Failed
Thanks for giving this reference OP. It's a great thing to ponder about and it just shows how much a lot of people have rode the hype and probably made a plan to create something that hopefully would stick. It's just that all around the world, the ones that would stay are the ones who have a lot of backing and maybe the most unique way. I do hope that there will be a way to determine what cryptocurrency will stay.
It's important to note as well that a coin could have failed but it might not be a scam it is still important to be vigilant
TBH, I thought that the percentage might be higher, but that's still a lot. Not every coin that died is a scam, that's for sure, but in the end, it doesn't really matter.
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Re: Is there a group or organization that specifically supports Bitcoin as currency?
by
fat buddah
on 27/01/2024, 08:54:46 UTC
Yeah, I know that group. It's this forum, lol. Also a lot of crypto influencers on Twitter and Youtube, but sometimes I feel like they are doing more damage than good.
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Re: Bitcoin surpasses silver to become second largest ETF commodity in the US
by
fat buddah
on 19/01/2024, 08:36:46 UTC
Competing with Gold is definitely hard, but possible. One milestone has been beaten, the next is on the way!
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Re: NFTs in the Real World
by
fat buddah
on 04/01/2024, 07:34:41 UTC
The only real use for NFTs I've seen is a backpack that has a screen with NFTs. But you can do that with regular pictures.
As long as the price is still affordable to buy it and not too expensive, in my opinion it is valid because BNB is also the third best altcoin on the Crypto market, so there is no need to hesitate to buy it because the community and investors behind BNB are very strong, plus the Binance market is also the largest market so, very confident that if you invest with BNB, it seems that now it's not too late to buy it..
Are you sure that Binance will remain the biggest exchange? The tides are moving.
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Re: When #Bitcoin goes up to $200,000, what do you think the #decred will be?
by
fat buddah
on 20/12/2023, 09:29:52 UTC
Never even heard of it. But I'm looking at its chart and I don't really think that a bright future awaits it...