Quote from: SmartGold01 on May 22, 2024, 02:19:32 PM

I can say with time because if you flashed back 10 years ago the rate of awareness of bitcoin weren't this high and people are fast accepting bitcoin

Both the bad and the good events surrounding Bitcoin have led to its popularity and created more awareness about it. People who did not get to hear about Bitcoin from a good side heard about it from a bad side and now they know the truth that the government mostly that spread the information about bitcoins being bad are either been jealous of it because of the potential it has to affect their financial system or because of lack of understanding about it.

Quote from: SmartGold01 on May 22, 2024, 02:19:32 PM

They now focused on buy and hold instead of invest using it for transactions purpose, and again no one would ever see the rate at which bitcoin is growing that wouldn't want to invest in bitcoin because in every 4 years it creates new price level making it more attractive for more people to venture into bitcoin.

Bitcoin is serving better now for investment but later in the future I believe that the currency function will come into the effect and more people will start using it for transactions from one country to another or even within the country.

Already people are using it for transaction purpose, although lot of people see it as something Worth for investment instead of transaction, and there's no doubt that when they see the progress of bitcoin it would push them to make investment instead of transactional purpose it could be turn only for investment which I believe lot of people would love to do than transaction only.

Quote from: SmartGold01 on March 03, 2024, 11:57:12 PM

Well from the information I have been hearing concerning pepe I have beginning to gain interest on it because lot of people were speculating that pepe coin will be the next bomb unlike shabi and dogecoin. These two coin i made mention always comes to my heart when i recall them because as then someone told me to buy and hold with just 5k my local currency then i didn't know much about space people made thousands of dollars and i was regretting for not taking the bold steps then. This curiosity made me to come create this topic to seek people's opinion if could invest on Pepe coin.

There are many meme coins coming in the market but not all of them are successful and not all of them are likely to be successful. Pepe has major exchanges like Binance listed on their platform so good things can be expected from it. But I can't expect anything big like SHIB or DOGE from it. yes it is able to give profit but not as high as SHIB or DOGE. If Elon Musk starts talking about it and invests then maybe it is possible

Pepe is a new project and can't be compared as Shiba or Dogecoin if I am not mistakenly dogecoin is the first memecoin to be launched and has gain more popularity even before Elon musk promoted it on twitter idt has started gaining attention all over, because they were doing major promotion like featuring some matches and printing out jessy for them with their logo on it and football is a game that is mostly feature all over the world. That is a major promotion to say that pepe can't be equate to Dogecoin.

Quote from: SmartGold01 on May 21, 2024, 07:47:49 PM

So far Binance has been the most trusted and reliable exchange that has gained the action of the globe as a global leading cryptocurrency exchange it's natives currency BNB, the blockchain was deployed after a sudden increase on ethereum gas fee. Binance blockchain was deployed as an alternative means of ethereum to transact smaller amount with a lesser transaction fee of $0.009 and $0.33 respectively depending on the amount you are transacting. Currently lots of coin and project has integrated in their blockchain through the bridging process and lot of exchange has added their blockchain as means of withdrawing coin to reduce the gas fee. To me BNB was just as an alternative of ethereum.

There is no doubt that Binance is an alternative smart contract to Ethereum which has a high gas fee, because it is really cheap to transact using the BSC network. Coins from Binance will always be my favorite coins that I hold, because every time I face a 4 year cycle, during a bearish season I will buy BNB.

You are correct ethereum gas fee was extremely high it was a serious concerns to people who were transacting on ethereum token, especially while swapping tokens on decentralized exchange you spent close 100$ to swap some token and it was a concern to investor and those who were involving themselves with IDOs. Some of the investors weren't able to meet up with the fees while there plans is to invest with a smaller amounts lesser than the fee itself, at some point IEO was then introduced so people could start making deposit and buy coin directly from exchange and hold till trading starts but at some level most of the investors weren't comfortable with it since they are so much concerned about privacy.

Therefore at this point Binance Smartchain became more useful and lessened the hassle for people to trade and some of the project began to list on pancakeswap where the could now use less than 1$ to sell of their coin, and again, pancakewap now became a competitor to uniswap, since Uni was mainly for ethereum blockchain. As time goes we began to have more Decentralized exchange launching regularly.

Quote from: SmartGold01 on May 22, 2024, 07:57:13 PM

This is what usually happened to the market because those who holds enough quantities influences the market with their trade, even some institutional traders that have hold series of people's funds into their custody they manipulate the market with their trading power after which when they noticed the small scale traders has fed the market they end up buying more while little traders ends up selling their coin to secure their capital against dropping significantly.

Such types of traders manipulate the market and they play a big role in changing the value of market because their trade is not in smaller scale but they make such a greater percentage of traders through which the market easily changes into the opposite direction of other investors thoughts.

Like currently everyone was assuming that the market will reach 100k$ after 73k$ but everything gets opposite because a huge dump was created due to higher selling percentage through these sorts of traders. But fortunately the market again recovered back and now it is more than 70k$ and surely it will go higher than this value in the coming months of this year.

yeah there are some market forces that is controlling the market because when a large trader gets into the market you would see that the market won't be stable or possibly if there were sad news about the market you would notice the changes in market, but most times there are people who may decide to hold and not to trade because market may easily recover after some while or when the news is notice to fiction or not authenticated.

Usually when trading altcoin there is nothing special about it rather you could target for short time projection couple with scalping, let say you can buy some altcoin and target when the market gains like 3 to 10 percent then you can sell immediately without holding for long. The next could be within bull run, you should pick out some good coin that are good or that easily increase in price so quickly without delay, when you monitor those coin correctly then you could sell when they gained little percentage.

Quote from: SmartGold01 on May 18, 2024, 09:53:59 AM

Quote from: Rubel007 on May 18, 2024, 07:43:22 AM

Quote from: SmartGold01 on May 16, 2024, 02:49:13 PM

I have came across someone who made fortunes from gambling and all of the sudden he wasted those resources back to gambling because of improper planning, he was thinking to have the total control of himself that he would still win a huge amount after using about 70 percent of his total winning from the site to stake back another game which is to give him about 10x from the previous winning he ended up wasting those funds just like and today he is trying to rise back but is not possible for him.

Even if a gambler wins in gambling, there is no guarantee that he will be able to enjoy his winnings. It is a common phenomenon in gambling that many of those who hit the jackpot get down again. But those who invest their winnings in some profitable venture can get good benefits from it in their calamitous times. People who do not use their winnings in gambling are more likely to lose money. Proper use of winnings is a major factor for surviving in gambling.

Most of the gambler doesn't have the mindset and thinking mentality to invest on something resourceful in their lives because they always believed and have this orientation that they must always keep winning with time and as days keeps going, only few that has done something judiciously with their earnings.

If a gambler has won, he thinks he will be able to win again, even though in many experiences he ends up going down and making a loss.
So, in their minds, the orientation is to continue to produce victory after victory, so it is impossible to have the mind to make any investment when winning.
Even though being able to win again is something that is really impossible to achieve, they will only realize it when all their wealth is gone.

That is it, is very hard for them to realized that investment is very important when or after making serious winning because most them doesn't concentrate on this part of their lives rather they always thought that winning is continuously and for that they must win the next gain without them knowing it would take several months and days, maybe could be in one year interval.

Quote from: SmartGold01 on May 14, 2024, 09:18:43 PM

Quote from: emmybd on May 08, 2024, 06:51:08 AM

Old coins are relatively stable compared to new coins. If one in considering about long term investment then old coins would be a better option. There is also less risk in stable coins compared to new coins.

Yes, but sometimes old coin doesn't give profits as the way investor could want because they are already established in the market so investors always looking out for those coin that could give them possible x in returns that is why people always go for some hype coin, such as memecoin or any other coin that gains people attentions on twitter or social media.
For long projection it's good to invest on old coin while for short term new coin is the option to start with and must be active smart to take profits.

Sometimes, many people speculate by looking for coins that can give surprises and quite a few also try meme coins because the prices are very cheap, so you can buy quite a lot and if there is a surprise, you will get a sensation from the results.
But sometimes people like you say, because they usually already know every crypto don't market movement, so they are able to do accurate analysis and that's because of the familiarity factor, and for others, they might not dare to do that.

We know already anything altcoin is gambling and for that when choosing any of them it is better they are reliable than not, or like you say memecoin is way cheaper so anyone who is holding memecoin can easily buy with their spare money such as 30$ or maximum $100 depending on how they can accept their risk level. It's better to just buy meme and don't hope on it otherwise nothing much would likely happened at the period while trying wait for the market to pump then cashout.