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Messages - SmartGold01

Pages: 1 2 [3] 4 5 ... 32
31
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.

32
You can engage yourself with DCA method with this you can be able to accumulate more bitcoin and when market recovers you could sell and make profit if you are only targeting for short time investment. Alternatively you can participate on free rewards program such as airdrop and bounty's I think you can earn from money from them but it's not a guaranteed way to earn especially now that those programs aren't that favorable anymore but I think there few that are still paying out handsomely.

33
Did telegram really changed anything in the cryptocurrency space?
Of course Yes, telegram was solely built as a communication app used for messaging and connecting people around the globe through specify username or channels and cryptocurrency group where people share thoughts and ideas in a single community. With time they has to integrate and adopts cryptocurrency where they had to build their coin and adding wallet to their app.

34
Nigerian Languages / Re: How are you earning in this crypto space
« on: May 12, 2024, 11:14:19 PM »
There is a signature campaign running in the forum, and if you have built up your account to the senior member rank, you can apply and start earning from here. I believe to me, this is the easiest way to earn bitcoin, but you need sacrifice your time to improve your knowledge on cryptocurrency and how they work. Nothing is free in Freetown.
This aspect is making people to be impatient on the forum and they can't concentrate on their post to be creative, if you look so well people post out of desperation in order to build up their account so that it would enable them to easily join signature just like that.
Yes, sacrifice is one thing mostly needed but one must learn to be patient and learn to read and be creative while building up their reputation here.

35
Bitcoin Forum / Re: All you need to know after Bitcoin halving
« on: May 12, 2024, 06:22:19 PM »
If they are long term holders then there is nothing to worry about because there are some people who are holding for long without them selling any bit of their bitcoin and yet they don't regret missing the opportunity, but what they does is to keep accumulating their bitcoin holding whenever they noticed the market is falling below how they expected it they keep increasing without being affected emotionally yet keep increasing their holding through DCA.
Exactly, there are people who can do that. When we see bitcoin wallets that still hold bitcoins from 2009 until now, it feels like we have been slapped with this wallet because its estimated value is very high. By using the DCA method we can buy bitcoin according to the money we have. Only in that way can we collect more bitcoins.
Wallet that holds bitcoin without any single transfer of transactions could be that the investor has projected himself to be holding for decades and this type of investment are mostly required where you don't need to worry over the market, and or when their is any little slight changes they panic and sells off. Usually it's always better to dedicate a special where we could stored our holdings without us having to go look over it regularly because the more you look the more get attracted by the profit equivalent to dollars and could be moved to sell off and buy again without knowing that most times is waste of bitcoin instead to keep accumulating is always the best options.

36
This is where people are mixing it up about bitcoin, usually we aren't meant to panic over the price since we knew that it is inevitably to occur like price dip, a bit up or sideways most importantly we shouldn't think that bitcoin halving or HK spot ETF could easily hit the market in way that price would surge so quickly for people to gain extremely or above what they expected.

Pumping up stories about the constant growth of the value of Bitcoin, celebration when it reaches certain points, disappointment when the price does not go in the upward direction, all this is just part of the speculation of traders and those who are called investors.
what is much more important is what Bitcoin (and some other currencies) offers, which is that everyone can manage their own money, without banking protocols. Value growth is OK, but it shouldn't be the primary thing when we talk about Bitcoin.
You are correct sir.. I think focusing on the long time projection of bitcoin could be the easiest way not to be affected by the unforeseen circumstances, which is something that we can't deal away from because investors always wants to give words that could regenerate the hope and trust of people to focused in bitcoin. As we know, bitcoin isn't a thing we should rush or expect to hit some certain amount within a limited time frame but if we focused on the long time run maybe not immediately then there will be no much worries or panicked whereby we could start seeing people to be affected by the increase and decrease in price, celebration when a new ATH is recorded and a rejection when the prices goes way back than expected.

37
Prediction 1: $60,529.03
BTC bech32 address: bc1q5qeepsxfkqe7fm20ygt20dkgl39q2q46rnlsq9

38
Does anyone really expect the value of Bitcoin to keep going up and only up? Isn't there an assumption that sometimes it will hit its maximum current value (supply/demand)?
This is where people are mixing it up about bitcoin, usually we aren't meant to panic over the price since we knew that it is inevitably to occur like price dip, a bit up or sideways most importantly we shouldn't think that bitcoin halving or HK spot ETF could easily hit the market in way that price would surge so quickly for people to gain extremely or above what they expected.

39
General Discussion / Re: What do I do with no money?
« on: May 12, 2024, 09:49:17 AM »
Normally I do read lot of things here and when there's no money I hardly feels it because I am always occupied here. One can only be broke if she or he has nothing doing but when you are occupied you can't really tell whether you are broke or not before you knew it weeks already runs out for you to get compensated over here.
Yeah the more occupied you are, the less you spend, especially on irrelevance. Exactly the reason why some people prefer to always get stuck on their computer all day at home or work, because they know leaving the house could incur more expenses for them, so they'd prefer to stay in their house to avoid much expenses.
In additions, one has to avoid much friends even when at home because much visiting could also make you spend much whereby you would try to offer somethings when they come to visit you as well, at least one to two friends coming around is okay and that must be people that are not too consuming whenever they comes close to you. In general expenses can be avoided and limited if you wish and feels like because there are some irrelevant things which could be eliminated entirely.

40
Bitcoin Forum / Re: Was the halving created much tension you?
« on: May 12, 2024, 12:36:11 AM »
... we might still see another ATH within next year 2025. So buy and hold tight!
We talked about 2024 so much, now we are already talking about 2025, when there are still many months left until the end of this year.
This may not be encouraging for some new investors to read because there are people who invested in cryptocurrency with the knowledge of the halving, knowing that there was a very high potential for their investment to increase, but because it has not happened as expected yet, most of them, due to their lack of experience and knowledge, would not be encouraged to use this opportunity to invest more.
Except for a newbie invest because we know that old investors don't panicked anymore since they already knew the market formation, so instead of them to be weak about the market they would utilized that opportunity to investor more and hodl. We can't deny the fact that bitcoin always follows it's historical data and for that we can't experience much bull even though there is but comes 2025 there would be another ATH.

41
now that Bitcoin crossed the highest now


All-time high
Mar 11, 2024 (30 minutes ago)
$72,242.51


so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
I don't think there is any possibility to see bitcoin going above 75k very soon or anytime soon because the news surrounding the market is could gradually affecting the growth, also Nigerian government fighting against most of the cryptocurrency exchange to delist NGN from their p2p platform and Nigeria is a key player in cryptocurrency and market could be affected as well. You can also read a news from chainalysis although I don't know how authentic this site could be.

42
If an investor is new and if he is new to investing in Bitcoin, he checks his wallet several times a day, but a professional investor who has been investing in Bitcoin for a long time does not feel the need to check his wallet that much. For those who invest for the long term, the less time they can monitor the market or monitor their own investments, the better because the more times an investor looks at their wallet during the day, the more likely they are to sell their investments. But instead of thinking as I do, many people may think their own way and check their wallets as they wish.
You're absolutely right.
I believe one the reason for considering Bitcoin investment for its long-term potential is to get ride of emotional outburst due to temporary market fluctuations. So those who really do consider Bitcoin's long-term trajectory would care less about checking Bitcoin's short-term performance, and even if they decide to check, it wouldn't because of their investment but for other reasons.
Whoever checks his investment more often is either a short-term trader/investor, or someone who's relatively new to the market and hasn't gained any experience yet.
I don't check my wallet instead what I does is to check CMC to track down the price of cryptocurrency because opening wallet or monitoring the app where I store my assets looks so risky and you wouldn't know when you could get trap by people outside. I mean due how cryptocurrency is no longer friendly in our country i do avoid regular visiting my wallet.

43
Basic Questions about Cryptos / Re: Invest or bounty?
« on: May 11, 2024, 05:22:51 PM »
Airdrops are a way to get rewards that we can use to invest in bitcoin, although not all airdrops are worth it. because many airdrops are completely worthless, just a waste of our time. this is the existing reality.
I won't Everly encourage someone to start up with airdrops to make investment but if they want to make investment they can start by taking 10 to 20 percent of their monthly income to put investment, like an amount that won't affects their overall salaries whereby they wouldn't starts thinking of the lost when price of their investment changes overtime. Airdrop can't be trusted despite that there are some people who are making serious waves from it doesn't mean that everyone would lucky to earn substantial amount from airdrops.

44
Cryptocurrency Trading / Re: Do professional traders lose money?
« on: May 11, 2024, 04:42:23 PM »
Agree with you, becoming a professional requires sacrificing time and capital. because with that we will gain experience. It's not easy to become a professional, even those who have been in crypto for more than 8 years, many have not yet become a professional, including me.

Learning, knowledge, experience and sacrifices can make you professional traders but for becoming professional traders you must have enough time, money and knowledge and without any of these you will always remain as a newbie in trading.

Actually becoming an expert requires time because new things and new coins are arising and even experts don't know which coin will be suitable for trading so they sometimes lose their money.

 But the main difference between professional and newbies is that professional traders take their loss as a lesson while newbies try to recover the money without knowing the reason behind their loss and without decreasing his repeating mistakes.
For newbies I think is impatient for them to thoroughly understand the basis of trading before jumping into funding their account and just choose whatever coin they think could give them what they want without them making more adequate proper research. And of course professional always understood that their lost is a great lesson and would quickly adjust to finds out their mistakes and then correct it.

45
well it is only 20 days past the ½ ing and things suck for mining ⛏️.


if you dca and hodl it is a non issue.

I don't think miners are poor, otherwise they wouldn't continue mining
let's say that if you are not expert you certainly won't survive the halvings
you have to know what you do how you do it and you have to know how to base everything and in which country
it's not easy
Do you think mining is based on country or what?
Yes I know that but it does depends because most of that seems pretty good for minning due to electricity and stable network could be another cause of not having the benefits of becoming not that active. Alternatively this could also refer as there equipment they are using although I am not an expert in mining so I can barely relates.

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