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Most people generally think of Bitcoin as an "investment for profit". Again
Yes that is what Bitcoin is, there are different value that Bitcoin holds, investment, store of value or currency for payment. Among all the value accompanying Bitcoin, higher percentage of people are interested in making profits from Bitcoin, once it becomes about the profits it is no longer savings, savings are meant to be stacked somewhere with less risk (volatility). If not that Bitcoin generates profits, i bet there will be less people interested in Bitcoin.If something like that happens, then profit equals to savings and that's still a great thing. Obviously we want more, and we would be sad with less, but if we get this, we would be neither happy nor sad about it. Too many people reacting to this like it's a big deal, but the reality is simple, we need to see this becoming a good thing for us to move forward with. If we can do that, then we are going to benefit for sure.
Re: Youtuber said best time to sell bitcoin is when altcoins rally? Is this true?
Crypto market speculations might be shifting from the norm that we are used to when they say that Bitcoin bull run triggers the altcoins bull run, with the level of Bitcoin adoption and accumulation we might begin to see a new trend. I agree that Bitcoin is the best coin to buy in any season and we should not be carried away by crypto traders predictions. If you are holding Bitcoin for the long term it really doesn't concern you when altcoins will start to be bullish or when to offload your Bitcoin. What I can say to who wants to diversify their Bitcoin profit into buying altcoins is to DYOR because most of them cannot recover after dip not to talk about reaching new ATH
While I agree some people may prefer other coins, but I have also seen people prefer memecoins as well, that means they are going to end up picking stuff that we all know they will lose money, so why would we trust them? It's clear that we are not going to see them do fine.So focus on one thing that we can do, and when we can make money with bitcoin which is safe, we do not have to listen to other people. I am not saying every other person is stupid or something, of course there are very smart people who do not prefer bitcoin as well. I am not one of those people who call others stupid just because they disagree with me, of course there are great people. I am just saying, it's the "majority" that doesn't prefer bitcoin, that looks like scary to me.
I see AI meme coin rising up again after elon shilling it.
Solana meme coins always there never going anywhere and at some point it will get hyped up. In this case the fact that pump and elon's shill happen not too long after. The hype is going up again.
Silver lining is there is always hype out of nowhere that you can take advantage of.
Not completely, only memecoins that are well-developed and have utility can definitely rise again, Solana meme coins always there never going anywhere and at some point it will get hyped up. In this case the fact that pump and elon's shill happen not too long after. The hype is going up again.
Silver lining is there is always hype out of nowhere that you can take advantage of.
but the other 99% of dead memecoins will not rise again, more dev scammers create such memecoins with the aim of just taking profits and leaving them.
The sensation that appears suddenly or hype only affects memecoins with a strong community,
consistent developers and of course coins that have a good name.
Now that the switch from pump.fun to bonk.fun, this is a new era of memecoins that were born from bonk
because pump.fun are no longer in demand after launching their own coins but in the end are dumped and many are harmed.
So focus on how to get better results, and for that reason we need to see all memecoins as shitcoins. Even those few unique ones you assume? Just give up on them because most of the world already did. If you want, it has to be either no memecoins, or if you really must, then check new ones and hope that whatever is hyped and trend upcoming, you pick that one, which is very tough and I would not suggest.
why don't you do it via bank deposit. I mean stablecoin staking will generate similar amount of income from staking. If you compare to some countries, bank deposit will fetch much higher return than staking. Yes there are some exceptions for sure but the credibility of those coins is questionable.
There are many risks like, de-pegging of price, staking platform may disappear, lock up period etc. I personally wouldn't do staking with a lock in period.
Yeah, if you put dollars (or your fiat of preference) into a bank as a savings account, it will definitely get money and then give money, and that should not be all that complicated. The thing is, stablecoins and staking them, do not bring anything better than banks and their savings accounts, so the idea doesn't seem like a good one for me. Specially if you consider putting some trusted stock as well, not sure what they call them, vanguard or something?There are many risks like, de-pegging of price, staking platform may disappear, lock up period etc. I personally wouldn't do staking with a lock in period.
Whatever it is, like group of stocks, and you make some good return, while keeping it fairly safe, and depending on how stock market does, you may earn a ton. That is even better. Stablecoin staking seems like very low return of investment ,compared to the risk you are taking when you do that.
Re: Is the altcoin season actually here, or are we still early?
If the current market PA is 'alt szn' then oh boy, this is like the worst time I've had in an alt szn. The vibe sucks, lots of hate in the time line at CT. No wagmi vibes. It's like either people are losing money and if they're making money, it's not overall satisfying.
And remember we had that 'Crypto Boy' feel good song last time? We don't have it anymore. And it's also looking like the altcoin section is dying... That's a sign that everyone is not really making anything anymore.
Altcoin section I am sure will get better, because alt season isn't really something like this. I have been here long enough time to see that alt season becomes something with tons of people investing into silly small stuff I have never heard about. I mean even the grocer next to our shop lost hundreds of thousands of his life savings on some silly stupid coin that I have never hard about. Meanwhile, I renewed my car because my money was on bitcoin, the good old traditional bitcoin.And remember we had that 'Crypto Boy' feel good song last time? We don't have it anymore. And it's also looking like the altcoin section is dying... That's a sign that everyone is not really making anything anymore.
People hope for 100x, a one time deal that brings them retirement, and they all fail. So when that happens, then I will call that a real altcoin season, before any of that, we are not there yet. It's a good period, a green period, a bull period, but not the season yet, we need to peak even higher for that.
It can usually be said based on your own observation. At the present time, the market is very good and fairly the most likely to become succesful if any trade after the market analysis. However, the right selection should always be made so that even if you do not make much profit, it will not be lost. If anyone wants to hold any coins, then be patient because if no one has patience and the market is a bad situation they cannot control themselves. And in the past, many have been seen in the past because of impatience, they have lost their funds and are later regretted. Moreover, you can trade any token because of good situation, but always remember, do not go to greed and lose money.
That is one of the trouble with people who use backtesting for their trading strategy as well. If you do a backtesting today, the result most likely will be great, and you will assume it's a great strategy, but in reality that was just because of the period we are in, or at least we were in. That doesn't mean we are making any good returns, it just means we have seen it happen in the past.That still doesn't provide you proof that same strategy will make a lot of money in the future because future may not be as great as it used to be. I am sure we are going to see this change a lot, and should not be complicated, what happened isn't what will, and never will be. So focus on the future and not in the past to get a better result.
Its like you just quote and post without really reading what I'm saying lol
Some people actually don't learn from mistakes. I think in life, those who truly learn are very few, and they can even learn from the mistakes of others. This is the kind of person I hope to connect to when I write in this forum about trading, and when I write about its not for 99% of people, and its a waste of time for most people.
If 1 person in ten years reads what I write, as an ex trader, and decides never to start trading or to quit, I won big in life
I would say, do not quit trading just because you got bad results, but I would suggest learning from mistakes is very where the money is at. I agree with you that most people do not make money because they lose during that period, they do not learn from their mistakes, but that also doesn't mean that you should be making any profit.Some people actually don't learn from mistakes. I think in life, those who truly learn are very few, and they can even learn from the mistakes of others. This is the kind of person I hope to connect to when I write in this forum about trading, and when I write about its not for 99% of people, and its a waste of time for most people.
If 1 person in ten years reads what I write, as an ex trader, and decides never to start trading or to quit, I won big in life
What we need is to make sure that we deal with a lot better results, and if we can do that, then we are going to profit. What do we need to be able to learn from our mistakes? First of all, you need to study trading, as in know the technical parts and if you can do that, then you are going to earn a lot more. Plenty of people look at their mistakes and can't see, that's because they never studied.
Although that is right, we still need to learn technical and fundamental analysis because that helps us to know when we can trade. If you just rely on the news without knowing about those two things, you may find it difficult to find the time to trade.
We can not just sit and search for the news, especially about Bitcoin and what happens to the US or other countries. With technical and fundamental analysis, we can search for the entry and exit point so we can make more profit.
It is how we can use the things we find and learn so that we can benefit ourselves in trading. I still believe in fundamentals and technical analysis and also in what has happened. Both fundamentals and technical analysis are related so we can not just use one side without learning more.
FA and TA definitely could bring in a lot of money, and yes those tweets and what not could impact it short term, but FA and TA impacts it long term. You can't calculate when there will be a tweet, but you can calculate when you could make money with TA, so it is important to get that kind of education and study and try to be better. If you can do that, then the results will do a lot better.We can not just sit and search for the news, especially about Bitcoin and what happens to the US or other countries. With technical and fundamental analysis, we can search for the entry and exit point so we can make more profit.
It is how we can use the things we find and learn so that we can benefit ourselves in trading. I still believe in fundamentals and technical analysis and also in what has happened. Both fundamentals and technical analysis are related so we can not just use one side without learning more.
For the time being, we are seeing plenty of people focus on memes and tweets and what not, but that won't be easy and it won't be that great for the time being. If you want real money, the kind of money you can constantly make even if nobody tweets, then you need to study TA and FA and then you could start to actually make some money.
Talking about miners; the duties of a miner is not limited to just mining. Yea they get rewards for mining, but there are other benefits they gain by sticking around performing other duties.
Every time we initiate transactions, miners validate those transactions and ensure no double-spending occurs. They still go ahead to add this transactions to a block and then add the block to the blockchain. The transactions fees we are charged goes to the miners. Our only concern should be that when all the bitcoins are mined and miners no longer get rewards, they might likely shift their attention to transactions fees and charge higher fees. We really shouldn't bother about this because we might not witness this period when there will no longer be bitcoins to mine.
Maybe by the time these unmined bitcoins will eventually be mined, this guys can change their names from miners to something else that suits the job they perform in the Bitcoin network, especially in ensuring decentralization goes smoothly.
I would assume the transaction fees will be enough for them to survive, not like they are only working for the mined ones right now anyways. But we need to figure out a way to make this better, to convince them, because they are not making much even now, but assume they do, they won't make much in the future at least.Every time we initiate transactions, miners validate those transactions and ensure no double-spending occurs. They still go ahead to add this transactions to a block and then add the block to the blockchain. The transactions fees we are charged goes to the miners. Our only concern should be that when all the bitcoins are mined and miners no longer get rewards, they might likely shift their attention to transactions fees and charge higher fees. We really shouldn't bother about this because we might not witness this period when there will no longer be bitcoins to mine.
Maybe by the time these unmined bitcoins will eventually be mined, this guys can change their names from miners to something else that suits the job they perform in the Bitcoin network, especially in ensuring decentralization goes smoothly.
So either price has to be insanely high, so that low amount of bitcoin be fine, or we need to figure out a way to pay them a lot while we pay less. maybe bigger blocks could be reason, that way, they get more, while we all collectively pay for it and not individually. In any case we need to figure out a way, maybe mine isn't great but we need to make sure that we find a way to pay them more some other way.
They were asked to to scaled down their involvement on bitcoin which they have, but asking a soverign country not to buy an asset with its money seems so shady.
It is truly shady but you know that the world organizations like this, including world bank, United nations are heavily influenced by the United States. Also the namt IMF is not what they should be called, they supposed to be called IFF which mean International Fiat Funds. And the dominant fiat is United States dollars.
What IMF is simply showing is that we are not really shocked about Salvador ending up with IMF loan since they needed it, and IMF put up some collateral needs for it. Why would IMF give out loans to a country that doesn't use it and instead uses their money? IMF could have easily said "go sell your bitcoins if you want money, we are not giving any" too, it's their money, if you want their money, you follow their rules.
Re: Is DCA Still the Smartest Strategy in This Stage of the Cycle?
imo DCA still works great! You could read this fantastic Kiplinger's post, even with bitcoin nearing 120K, institutional interest and volatility don’t rule out its long-term upside, whatever the price I will recommend staking your idle money monthly basis into bitcoin, instead of letting it decay into your bank account. For anyone in the world who believes in Bitcoin, any day is a good day for DCA, It warns against market timing, DCA smooths out purchasing over all price tip. So yes, if you trust Bitcoin then future is still shiny, DCA will pull out emotion and be apt to accumulate over time, even during the run-up.
Definitely a good way to invest even today, honestly bitcoin still has a good upside compared to other investment assets, that's the point. Many people (including me) say that it is not going to go up like it used to, and that is correct, yes we are not going to get 10x in a year, like we used to could, that's gone. But that is not the point, if you have money to invest, you are going to put that money somewhere, and that means, bitcoin is one option and there are many other options.You have to ask yourself, what would be the best option to invest right now. Stocks? Which one? Gold? Oil? What are you going to put your money in? I would say bitcoin is still the best one you could make money from if you are smart enough.
Many speculators have said that Bitcoin's price would reach $150k at the end of this year so achieving it is very possible, Bitcoin has recorded a new ATH at $123k and a bit more which is way closer to $150k so let's expect it to do more than $123k before the year ends.
However, it is also important not to get our hopes too high because anything can happen and there are factors that could stand on the way of Bitcoin reaching $150k this year, though I am optimistic that $150k will happen this year because Bitcoin's price has been doing a lot by rising and isn't dropping more than 2% over the last couple of weeks, so let's keep our fingers crossed for the possibility of $150 coming anytime soon.
Reaching 150k could still happen, we are still 5 full months away, August, September, October, November, December, that is 5 months and we can definitely see it go up more. Think of how much bitcoin can increase in 5 months by looking at the past, plenty of bull runs made it go up and down in the same period, not just up. Of course be ready for a down too, otherwise it would not make sense, but you should still considering a bit higher is possible.However, it is also important not to get our hopes too high because anything can happen and there are factors that could stand on the way of Bitcoin reaching $150k this year, though I am optimistic that $150k will happen this year because Bitcoin's price has been doing a lot by rising and isn't dropping more than 2% over the last couple of weeks, so let's keep our fingers crossed for the possibility of $150 coming anytime soon.
At the moment, we are seeing things changing, so focus on how to make profit, while also protecting your downside. Possibly put a stop sell at your buying point after a while, like lets say if it goes up %5 after you buy, then put a stop loss, and then you will do fine even if it goes down.
Everyone has the way they view Bitcoin. Some see it as a get rich quick scheme, others a store of value and also an ultimate savings tool as you mentioned but it all depends on your reason for getting into investing in it in the first place.
It's more beneficial when you buy Bitcoin and hold for a very long time because as time goes, the value increases.
Some weak hands rush to sell when the market is low because they don't want to lose out entirely but the strong and patient ones ride the storm and benefit well from it.
That... that feels like we are including the wrong ways too. If you are going into bitcoin for a quick way to get rich, then that is a bad way to get in, why would you do that? And why would that be a good thing? We need to realize there are good and proper reasons to invest into bitcoin, and there are bad ways too. Getting rich very quickly is a bad reason to get into bitcoin. Savings on the other hand is a good reason, there isn't really any reason why you shouldn't be doing this and we could make some money.It's more beneficial when you buy Bitcoin and hold for a very long time because as time goes, the value increases.
Some weak hands rush to sell when the market is low because they don't want to lose out entirely but the strong and patient ones ride the storm and benefit well from it.
We need to assume that the best way to move forward, would be focusing on how to get better results with the way you are living there. What we are seeing at this time, is not that important, not dwell on bad reasons, and focus on good ones.
As far as I know, these construction projects are often discussed and planned for months or even years before they are implemented. If he is well-off and has many connections, it is not surprising that he knows in advance about real estate areas that are being planned and compensated in the near future. I believe that those in third world countries are no strangers to these things.
Another thing is that from the beginning this guy intended to invest in real estate in the central or neighboring areas. This shows that he also has a vision but due to limited capital, he cannot realize it. So I don't think this guy is lucky, maybe he is someone who has quite good relationship with leaders/politicians in that area.
That could be one possibility, but another is that there are thousands of people who buy lands all the time, and one of them could get lucky, while hundreds of them, even thousands, do not get the same luck, so it could be just some jackpot for that person, pure luck. I am not saying this is what happened, I am just saying this is also a possibility of what happened. Of course he could had networks and people he knows and people who are building that campus could have been their friend etc etc, in which case what you are saying could be true as well. We need to see the whole picture before we can judge.Another thing is that from the beginning this guy intended to invest in real estate in the central or neighboring areas. This shows that he also has a vision but due to limited capital, he cannot realize it. So I don't think this guy is lucky, maybe he is someone who has quite good relationship with leaders/politicians in that area.
In any case, buying a land, is rarely a bad deal, and in most cases, you will profit from it, or at least you would have forced savings. Buying a 40k worth land for example, with loan, means you need to pay that loan back, and when it's paid back, you have forced savings, you probably couldn't have done otherwise.
The move to create an alternative to SWIFT might be slow but it's gradually gaining momentum. BRICS Pay is a payment platform used by member nations for financial transactions without using SWIFT. Since 2023 Brazil and China have eliminated the use of dollars for trade. Rather, trade deals are settled with local currencies. China and India also have agreements to adopt local currencies in their trade deals. Other countries are also adopting the same strategy to bypass the Western-controlled payment system.
That will not be easy at all. It is going to take years. And I said this before, I am saying it again, if they ever go towards "one currency" route, they will be fucked, they are not going to get any better.Because Euro zone did that with a currency of Euro, and in return, many nations got hurt because of it. I am telling you, this BRICS thing is very tough to do, but they were also forced to do, because west basically removed these nations from participating, so they are building their own, there isn't a mistake there, they should be doing it. I bet that they are going to get a great result from all of this. It's not going to be easy, it's going to be incredibly difficult, but we are going to get a great result one way or another.
Personally I think working remotely is bad, you decrease your chance to meet new people which could increase your opportunity to get better jobs.
That is one way to look at it and you could call that a downside, another one is you'd have less physical activity, which isn't so healthy, except of course if you prioritize taking a walk and going to the gym. That said, nowadays people who work remotely are also able to network online, with the people who are in the same field as them, they might not meet physically, but they are able to get better opportunities through networking online and through recommendations.However "meeting" new people is very viable for future references. I had the same job for many years because I love my job, but I had met with a bunch of people, like dozens, maybe more than 100 by now, in the same business as I am, and I had other business offers before too. Usually they were stuff I wasn't interested in, and I didn't want to risk my current job I love, I worked a few times for some projects in the crypto world, but that's it. So, it's possible to make a network online.
Re: Bitcoin: Will ETFs Make History Again – or Become History?
Bitcoin Cash isn’t really an altcoin — it’s a fork. What does that mean? The name “Bitcoin” or “Bitcoin Cash” depends purely on which chain has the longer proof-of-work. If Bitcoin miners ever switched to BCH, that chain would instantly become the “real” Bitcoin.
Now you're starting to sound like one of those BCH shills who at one point flooded this forum, but all disappeared without a trace and never appeared again. You can call that altcoin whatever you want, but it's still an altcoin and nothing more.So even when he is right, he is wrong, and he declines to realize what Cash people missed, just because they were miners, and got all miners with them, as long as you do not convince the people, you are going to just stay as a fork, and not be the real deal. Look at segwit for example, we are not using legacy, we did change, we just didn't move to what they want, so it's possible in theory as we saw, just not to that shitty thing.
Since yesterday, after bitcoin dipped to $117k, Ethereum and other altcoins haven't been influenced by the dip, does this mean that the altcoin season will likely kick off soon or it's just a temporary hype and will cool off in no time. A lot of altcoin holders are hoping to see the altcoin season come to reality in this bull run, but this circle is different from the previous and we can't say if it's possible for us to see the altcoin season.
I mean we are not entirely sure about that, I am guessing that's a possibility but we need to make sure that we can handle it and we are going to definitely make some money from alts. I understand that people do not have that much hope with alt season for time being but we are seeing this period we are still doing alright. It means that we are going to get a lot better return without a doubt.We just need to wait for it to do better and we should be getting a lot better return. So focus on the possibilities and we would make a lot more money. If we do that then we are going to get a ton of money without a doubt. So just wait, we still have months before the year ends, and we can grow a lot better without a doubt.
All I do with the two is participate in potential airdrops and the second one you mention is because on bitget there are instances where as long as you have a BGB balance that meets their criteria, you can be showered with other airdrops that they have.
Not entirely sure if that would be worth it though, that doesn't really mean much at all. There are VERY unique situations when they do, and people spend ton of time and effort (and some even money) to actually make that kind of airdrops income, which is not worth it.If I spend a ton of time, then I want my return to be worth it, if my return is less than 2 dollars per hour, then why would I spend that kind of money? For example notcoin was something that paid a lot, and people got hopeful about telegram projects because of it, but NO other one, like out of thousands of them, paid more than 2+ dollars per hour, so there is really not any that worth it.
even if you are not trading, you can really earn rewards and I hope this system that they have lasts
Not your keys, not your coins. Risking for such rewards definitely not worth in most cases. I do see people are staking in exchanges for some rewards but definitely high risky one. Still, staking within a wallet is good because your coins are not leaving off your wallet.It's not that they can't trade anymore. From what you've described, I believe these people are overly reliant on AI results in their trading. Reliance on AI tools can make traders feel less confident in their own abilities, It's best not to overly rely on AI results or apply them to your trading. AI, as we know, can provide analysis and predictions, but it's important not to rely entirely on it. Developing your trading skills independently and experiencing firsthand each indicator you use while trading is far better. This will give you confidence and the ability to make better decisions based on your understanding or analysis.
If somehow they were better than humans, then yeah it would make sense, but that doesn't mean we are going to get great results, it just means we are going to get results that we want, or prefer. This is why it would make more sense to just focus on our personal way.Because if you do it yourself then nothing can take that away from you and that has to be the most important part. If you can do it yourself then you will be able to improve and do a good job and unless you get some brain injury then it will always be with you
But if you use AI then it's all technical, even a new update could break it and make you lose, so there is really nothing that you control, it's all outside of your control and you can't do that great.