Search content
Sort by

Showing 20 of 54 results by jaresmerel001
Post
Topic
Board Bitcoin Discussion
Re: Do you have a Bitcoin exit strategy?
by
jaresmerel001
on 18/03/2021, 10:26:52 UTC
If the entire house of cards collapses, you'd be at breakeven if you removed everything you've put in so far.

In a highly speculative investment, this isn't a bas strategy. At the very least, you're not in any worse shape than you were before.
Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin end the dollar’s reign?
by
jaresmerel001
on 25/02/2021, 10:41:26 UTC
Bitcoin will probably help or speed things up, hopefully replacing its reserve currency status, but even if bitcoin wasn't here, the dollar is toasting. You can replace a dollar with a fiat if you want..
Post
Topic
Board Economics
Merits 1 from 1 user
Re: The volatility in the price of a bitcoin is falling over time
by
jaresmerel001
on 18/02/2021, 11:09:28 UTC
⭐ Merited by Ratimov (1)
Well it depends on what their bitcoins are doing to those institutions. We had auctions for recovered stolen coins a while back and everyone speculated about what would happen if those large quantities of coins were to enter the market again. We now know that the coins went to the owner who had the coins hoarded, and the price remained stable.

If the owner decided to see all the coins at the same time, the price would have taken a nose dive because of a sudden injection into the supply side of large quantities of coins. It was going to send the markets into a frenzy. This will seen by speculators as a dump and will cause other individual selling their coins to have a trigger effect.

For those institutional buyers, the same goes, if one of them dumps coins worth trillions of dollars into exchanges. Then the price will collapse.(causing volatility a lot)
Post
Topic
Board Bitcoin Discussion
Re: Rich people causes cryptocurrency ban
by
jaresmerel001
on 18/02/2021, 09:32:11 UTC
From my point of view, I believe that the government's reason behind all these is that they taught bitcoin is another device that people use for money laundering , and most particularly rich people who are in official position, because looking at the rate that different nations emphasizes on btc as even it is a crime to deal with cryptocurrency.
Post
Topic
Board Bitcoin Discussion
Re: If BTC were to permanently freeze at one price , would you buy ?
by
jaresmerel001
on 13/02/2021, 09:18:15 UTC
Bitcoin is subject to extreme regulatory scrutiny from time to time and its legitimacy as a legal tender in many parts of the globe.

Although bitcoin can not be censored or banned, a drop in value can result in any regulatory crackdown in major economics.
Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin Crash?
by
jaresmerel001
on 10/02/2021, 10:50:40 UTC
Volatility is decreasing and the bitcoin ship is growing bigger, better and more secure, let's see how and why-

2010 crash 1# : Bitcoin somehow rose from 0.008 to $30 in 2010 and crashed to 25% in 2010.

From then until 2014, there must have been many ups and downs, but it grew slowly from there to reach $1000.

2014 crash 2# : From $1000 to $230, which was the next biggest crash, but not close to the first. 334% drop.

Given the two enormous drops above, there must have been many ups and downs then and 2017.

Crash 3# in June 2017 : Decline of 67% from $3000 to $1800

Crash 4# in September 2017 : 61% drop from $5000 to $3100

Crash5# in November 2017 : 37% drop from $7800 to $5700

Then again (13000 to 10000 drop of 30% in February 2018 to March 2018.

The steady decrease in volatility, even though it looks huge, but one common thing in all cases was an instant pullback.

The bitcoin bull has been running loose since it gained momentum in 2017 on the very first day. We saw it climb from $10k to nearly $20k in a couple of weeks. Only in the crypto currency world can this form of unprecedented growth be seen.
Post
Topic
Board Bitcoin Discussion
Re: How to make money from Bitcoin in 2021
by
jaresmerel001
on 10/02/2021, 09:47:26 UTC
If HODLing is a long term investment, its fast placed equivalent is bitcoin trading. Essentially, BTC trading implies taking advantage of the highly volatile nature of bitcoin. This technique requires practice and market knowledge, so be sure to do your homework before even thinking about giving it a shot.

To get you started, here are a few styles of trading:
Day Trading
Swing Trading
Arbitrage

It takes a lot of practice to make money out of bitcoin using these methods, so don't expect to get it right on the first try. Just do your own research, figure out which approach is best for you, and believe you're going to be on your own path.
Post
Topic
Board Bitcoin Discussion
Re: HODL ₿itcoin for Life, not for Lifetime.
by
jaresmerel001
on 06/02/2021, 10:01:16 UTC
It sounds easy and possible, but it's really hard in practice because all investors are in for long term investment but are looking for periodic returns instead. The value of bitcoin dropped so drastically, particularly during the last bear market, that users began to assume it would go to zero and we had so many negative bitcoin articles that made it really hard at that time to hold on bitcoin. Now people will not repeat the same mistake and kudos to those who, during the bearish market, managed to hold on to their investment.
Post
Topic
Board Bitcoin Discussion
Re: Introducing the Bitcoin
by
jaresmerel001
on 06/02/2021, 09:11:50 UTC


So we have to focus on 3th group to make them understand what is the philosophy behind Bitcoin. We have to introduce the  bitcoin and try to help them to understand, trust and use Bitcoin. people blongs to the 2nd group will never defend Bitcoin if they saw a price down.

This is a kind of war between conventional money and cryptocurrencies. I blieve that cryptos will never die.



The real reason people are interested in bitcoin now may be a lot simpler, because everybody else is interested. The only reason you buy bitcoin is because you think it is also valued by other people.
Post
Topic
Board Bitcoin Discussion
Re: Whcih countries will be forthcoming on adopting Bitcoin on a natioanl level?
by
jaresmerel001
on 03/02/2021, 09:46:31 UTC
Bitcoin are likely to be safe and it will take some time for the reversal process to play out and for citizens of the more forward thinking nations to pass up the attractiveness of bitcoin in the interest of a national cryptocurrency with a number of nations that have already recognized bitcoin as a legal tender, including Japan.

Bitcoin is not only a virtual currency, but also an investment that has lined many of its pockets with gold. It is unlikely that national cryptocurrencies will offer buyers a similar opportunity as the centralized nature acts quite similar to a paper tender where the value is likely to be controlled by the central banks concerned.
Post
Topic
Board Bitcoin Discussion
Re: Buying Bitcoin is like planting trees
by
jaresmerel001
on 30/01/2021, 09:33:37 UTC
Yeah I do agree. The earlier we start, the better it will be. More and more countries are shifting and adapting to bitcoins, and in coming times, if invested wisely, one would certainly get the benefits.
Post
Topic
Board Trading Discussion
Re: What to avoid as a beginner in trading Bitcoin?
by
jaresmerel001
on 25/01/2021, 11:36:07 UTC
One of the most common errors traders make while dealing with cryptos is the fear of missing out (FOMO) and FUD. These two variables lead them, out of fallings, uncertainly excitement and doubt, to take decisions.

Another common factor which causes traders to take wrong positions is impatience. Every other minute, traders keep checking the prices and end up making wrong decisions.

Not diversifying is another mistake that is common. People spend all their money on a single coin, so when prices fall, they lose big. Investing in more than one coin, which means diversifying, is a better alternative here.

In addition to these other mistakes, the pump and dump scheme, revenge trading, reluctance to thoroughly study the situation, blindly following the crowd etc.
Post
Topic
Board Bitcoin Discussion
Re: The right way to store Bitcoin for long term
by
jaresmerel001
on 25/01/2021, 11:03:41 UTC
The best way you can go is definitely a hardware wallet with a display on which you can confirm transactions. You should always have the recovery seed securely stored somewhere when you use a hardware wallet, in case your device breaks or is lost. You can then easily recover the entire wallet with al l the previously stored coins on it.

Why is a wallet with hardware better than a wallet with paper? You need to trust the interface you are using when you spend it out of a paper wallet as you give it your private key. It becomes unsafe after using a paper wallet, and you need to transfer your coins to a new wallet. with a hardware wallet, this will not happen, as all operations are done on it, and only the outcome is sent back to the interface.
Post
Topic
Board Bitcoin Discussion
Re: -what are the best Bitcoin wallets?
by
jaresmerel001
on 25/01/2021, 09:33:46 UTC
Selecting the best wallet is a major concern for any crypto trader. A wallet is what makes sure your money stays secure and you can easily carry out the transaction. An extremely important factor in crypto trading is a decent wallet. As bitcoin is the biggest and most famous cryptocurrency, hundreds of wallets are available.

If you're only using the wallet to hold bitcoins or HODLing for longer term investment, then that's a cold wallet. Cold wallets are kept off line in a safe place where no one can access them and are therefore safer than hot online wallets.

Using a paper wallet is the simple option, allowing you to print a wallet and key that can be stored in a safe or secure deposit box. When you ultimately want to spend, you can read the key into many different hot wallets.
Post
Topic
Board Economics
Re: Are Cryptocurrencies Really Money?
by
jaresmerel001
on 20/01/2021, 11:07:55 UTC
Cryptocurrency is money in digital form. That implies that there is no physical coin or bill, all of it is online. Without a go between, like a bank, you can transfer crypto currency to someone online. Bitcoin and ETH are well known cryptocurrencies.

Cryptocurrencies could be used by people for quick payments and to avoid transactions fees. As an investments, some could get cryptocurrencies, hoping the value goes up. With a credit card, you can purchase cryptocurrency or, in some cases, get it through a process called mining. Cryptocurrency is stored either online, on your computer, or on other hardware in a digital wallet.
Post
Topic
Board Bitcoin Discussion
Re: Does anybody have any suggestions for investing in Bitcoin?
by
jaresmerel001
on 20/01/2021, 09:44:58 UTC
Bitcoin trading has been around for a couple of years now, and since its emergence, a lot has changed. You need to conduct your own homework if you are just getting started. Knowing what you are getting into will help you make informed investment choices.

Learn to walk before you run. You need to understand basic mechanics. Learn how to sell and buy bitcoin, and how to start buying bitcoin on the easiest and most secure platforms.

It is important to learn how to guard your assets, as with all other financial investments. You need to protect your digital assets from scammers and cyber attacks in this instance.

Before you increase your investment, first invest small amounts and see how things turn out.
Post
Topic
Board Bitcoin Discussion
Re: Advice for beginner HODLers
by
jaresmerel001
on 13/01/2021, 09:04:59 UTC
I put all my btc in coinbase, is it safe?
With custodial wallets being vulnerable to hacks, you can never guarantee the safety of your funds. Therefore, you should search for a better alternative wallet in which you have full access to your funds and comprises a good security feature. Read and follow the initial phase indicated in the post to convey the main idea. Nevertheless, I will suggest reading these threads to gain a better insight into the types and differences between cryptocurrency wallets.

[1] [General] Bitcoin Wallets - Which, what, why?
[2] [GUIDE] Bitcoin/Cryptocurrency Wallets and it's risks [UPDATED: 10/8/2018]
[3] Custodial vs. Non Custodial Wallets - "Not your keys, not your coin" Explained.



Thank You for your advice..
Post
Topic
Board Bitcoin Discussion
Re: Advice for beginner HODLers
by
jaresmerel001
on 13/01/2021, 08:59:05 UTC
I put all my btc in coinbase, is it safe?
Coinbase is an exchanges (third parties), if put your funds in third parties it mean you're trusting your funds with them and you don't have full control about your coin. If Coinbase get hacked in the future, you coin will be lost too.

So, it's not safe... move it to non-custodial hardware wallet.

Thank you..
Post
Topic
Board Bitcoin Discussion
Re: How risky is Tether to Bitcoin?
by
jaresmerel001
on 11/01/2021, 10:07:47 UTC
It's a huge risk to the space of the cryptocurrency. A lot of people don't realize how exposed they are, because in tethers there are so many transactions. It would lead to a significant crash in cryptocurrency prices if you removed those tethers. It could cut through various exchanges.
Post
Topic
Board Bitcoin Discussion
Re: Advice for beginner HODLers
by
jaresmerel001
on 11/01/2021, 09:44:52 UTC
I put all my btc in coinbase, is it safe?