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Messages - debra

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Bitcoin Forum / Re: Has the bear market started?

« on: May 03, 2024, 11:14:57 PM »

Quote from: Power420 on May 01, 2024, 12:26:50 PM

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

Why it is the beginning of bear market? Halving is one of the factor to trigger the price increasing high in the beginning of bullish season. As the halving just happened few weeks ago, it mustn't the start of bearish season, it is the start of bullish season. We must know that the highest BTC price will happen in the next few months after the halving. So, just be patient if the price drops now. It has increased again gradually now.

Bitcoin Forum / Re: is $60k the floor rate of bitcoin after halving?

« on: May 03, 2024, 11:11:52 PM »

Quote from: doc on May 03, 2024, 07:09:50 PM

Many people think that when bitcoin halving, we will see the price of bitcoin rise high but it turns out the price of bitcoin falls. but I think this is just a correction and the longer bitcoin seems to struggle below after reaching ATH, that is our best opportunity to buy bitcoin.

It is true that Bitcoin will increase when the halving happens. But the price will tend to drop constantly after the halving. So, nothing is surprising if the price of Bitcoin is decreasing now. The ATH is also achieved before the halving, so it makes sense if there is a big dump after the halving. We need a correction to balance the market condition. It is also needed to make a higher pump in the future.

Cryptocurrency Price Speculations / Re: Green candle in bitcoin market!

« on: May 03, 2024, 11:06:42 PM »

Quote from: legend45 on April 20, 2024, 12:13:58 AM

I agree with you that bullishness will happen again after the bitcoin halving. We should see what the whales will do with the market this season. As small investors we can only follow them. Take advantage when there is a moment to buy and sell.

In theory, there will be a big correction and sideways after halving. It is because most people prefer to sell coins during the increase of prices in the halving time. So when the halving is over, people won't do it anymore. And there is no good news again in the near future, so there is no factor to trigger the prices of crypto increasing gradually. As small investors, we must be careful of the whales actions. We need to follow their plans.

Cryptocurrency Price Speculations / Re: Will Ethereum hit $5000 this year?

« on: May 03, 2024, 11:03:58 PM »

Quote from: TopT3ns on May 03, 2024, 09:13:28 PM

It's true, Bitcoin ETFs have a good impact on bitcoin price movements on exchanges, because with this ETF Bitcoin managed to reach a new ATH before the halving, usually a new ATH will be created after the halving occurs. Hopefully the price of bitcoin can reach the price of $100k soon.

Yes. ETF news have proven to bring big impacts, Bitcoin even reached ATH before the halving. However, it won't last a long time, the ETF news look to have no significant impact anymore. I doubt if Bitcoin can reach $100k soon because of the ETF news. It won't be hype anymore because people are familiar with the news.

About the news of ETF Ethereum, it looks to not happen recently. We may need to forget it now because SEC must be more careful to accept it.

Cryptocurrency Price Speculations / Re: Now that BTC went past 70K on March 8th when does it get past 80k?

« on: May 03, 2024, 10:59:31 PM »

Quote from: dekafee79 on May 03, 2024, 08:19:47 PM

because that is the basic factor of market prices, if there is good news and demand increases, then prices will rise. although we haven't heard any good news but the price of bitcoin is back to $61K and hopefully it will continue to rise and reach $80K, according to my expectations

The news always has a big role to determine the increase or decrease of the crypto prices. It is not surprising if the news can pump or dump the price hardly in crypto market. Bitcoin has increased again to $63k recently after it dropped to $56k few days ago. I think there should be good news after the bad news from US yesterday. At that time, I have no hope for $80k, I think it is great if it returns to $70k. It seems possible but won't happen in the near future.

Basic Questions about Cryptos / Re: Invest or bounty?

« on: May 03, 2024, 10:49:06 PM »

Quote from: kulkhan on May 02, 2024, 09:33:35 PM

Now coming some airdrop which are paid or need fees like various Network bridge, staking, holding liquidity etc. This kinds of airdrop beeing successful. You can justify it. Some days ago i also did many airdrop but not get any payment but now a days i received some payment from airdrop.

Those kind of airdrops may be quite successful but if they ask for the fees, I personally don't want to join the airdrops. I have some bad experiences on this case, I wasted money for the fees asked by the teams of airdrop programs. Until now, I only followed the airdrops that never ask for the fees. Unless the airdrop are clearly made by trusted platforms, I won't follow the airdrops that asking for fees, it is like a scam way.

Basic Questions about Cryptos / Re: How often do you check on your Crytpo/Bitcoin?

« on: May 03, 2024, 11:32:49 AM »

Quote from: bayu7adi on April 27, 2024, 08:48:54 PM

Since I focus on holding BTC, perhaps the frequency with which I check prices and new news about Bitcoin is once every 3 days... sometimes even once every 7 days... but for this halving moment, I check BTC prices more often up to once a day . Daily BTC price changes are not my basis for investing, so this is just something I do in my spare time.

It is quite often that you checked the price every 3-7 days. I don't know how often I check the price, I only do it when I think it is necessary. But I always update the information about crypto regularly because I think it is important. The price change is important but to know the current issues seems to be more important. However, if you are not a busy person, it is no problem to keep monitoring the price change more often. But for a busy person, checking it weekly is enough.

Basic Questions about Cryptos / Re: What do you do if someone trusts you and wants to Invest in you?

« on: May 03, 2024, 11:03:35 AM »

Quote from: Findingnemo on April 08, 2024, 08:16:27 PM

I would never involved in managing the funds of others unless I am getting paid for it and things works in completely professional way but it's not the case with what you proposed. You are taking risks with your reputation which can go either way if the friend who trusted you doesn't have proper understanding about the market and it's unpredictable future and what will be his response if the coins loss value and he will be okay with that?

Even if they pay me, I will never do it because it is too risky. In my opinion, investing in crypto coins must be done by ourselves. There is no guarantee for the success in crypto investment, the price can change drastically at any time. With this characteristic, it is too risky if we help friends in investing their funds. The chance of losing the money is always high, we must avoid to have a problem with the friends because of this crypto investment. So let them investing with their own way.

Cryptocurrency discussions / Re: Is it risky to invest in new crytpo coin/tokens???

« on: May 03, 2024, 10:41:08 AM »

Quote from: rizqillah on April 30, 2024, 12:47:28 AM

Yes, exchanges can freeze our funds for their own reasons, considering it money laundering or suspicious transactions. and we can also appeal to this matter. I agree with your suggestion, we should use the funds we need to trade on the exchange, don't store excess funds in the exchange wallet.

There are some cases of freezing the user funds but it is a rare case. Sure, money laundering is one of the examples, this makes sense that the exchanges freeze the funds. I think this won't happen to common users, it is for certain users only. However, it is true that we never send too much money on the exchanges. We must be aware that we have no control of our assets when it is in the exchange wallets.

Cryptocurrency discussions / Re: Keeping your seed phrase safe

« on: May 03, 2024, 10:16:27 AM »

Quote from: emmybd on May 03, 2024, 05:02:00 AM

I have lost my seed phrases for a couple of times. Consequently, I have also lost my assets. People use different ways to keep seed phrases safe. If you keep it in your computer then if your computer breaks down, you are in trouble. There is also possibility that your computer may get hacked. Other ways such as keeping it in hardware wallet or writing it down on a page do have some advantages and disàdvantages.

Exactly, when we lose the seed phrase, we will lose our assets. That's why we need to be very careful to save the seed phrase. And it is recommended to keep the data of seed phrase in some places. So, when we lose the data in one place, we still have another data in another place. Sure, the computer can be hacked, too. We don't keep it carelessly.

Cryptocurrency discussions / Re: Are you buying now?

« on: May 03, 2024, 10:11:54 AM »

Quote from: kulkhan on April 28, 2024, 10:25:44 PM

Yes i am still buying now. Now Bitcoin and others cryptocurrency price is reasonable i think. Now Bitcoin price near About $63k. But we know after halving bitcoin block mining speed decrease. So i think within few month Bitcoin price will increase there has no doubt. When bitcoin price will increase then altcoin price also increase. So i think if anyone buy now he will be profitable in future. So till now i am buying and holding Bitcoin and some Altcoin.

The price of Bitcoin has decreased to $56k yesterday, but it increased again to $59k today. If you keep buying at $63k, you must keep buying at this rate. Sure, the price of Bitcoin looks okay to buy but we don't hurry to buy because the price of Bitcoin may drop more. I think the price may drop below $50k if there is bad news in the next few days/weeks.

Cryptocurrency discussions / Re: Do you still believe in old coins?

« on: May 02, 2024, 11:59:10 PM »

Quote from: rizqillah on April 27, 2024, 04:15:35 PM

It's best to choose the top 10 coins, the majority of which are old and reliable coins. because the rank proves they are in the top position. There are also investors who invest with new coins because they want faster profits. I think everyone has their own considerations

Top 10 coins are always the best options for investment. Many people choose the top coins. I think not many investors who brave to put their money into new coins because it is too risky. Most of investors want to have safe investments, they choose top coins. BTC, ETH, ADA, SOL are the examples of safe coins for investment. We just need to avoid invest in stable coins or meme coins among the top coins. They are not proper coins for investment.

Cryptocurrency discussions / Re: Is there still going to be a bull run?

« on: May 02, 2024, 11:58:14 PM »

Quote from: Vx1 on May 01, 2024, 04:12:55 PM

Currently we have just entered the second quarter of 2024, the Bitcoin halving has also just occurred. Of course, the potential for a bull run is still very much there and is eagerly awaited by all cryptocurrency players, be they investors or crypto traders.
If we currently see Bitcoin and Altcoin prices in the market going down, then we should enter the market and buy more coins to add to our portfolio.

Agree, we are still in the beginning of 2024, Q2 of 2024. So, we don't feel too afraid about the bullrun season. Since the halving of Bitcoin just happened few weeks ago, we must be patient to wait for the increase of Bitcoin price. If the prices of Bitcoin and altcoins are dropping now, it is because the hype is over. In this time, we must try to feel calm and don't need to feel frustrated.

Cryptocurrency Trading / Re: Do you feel like you're getting it all wrong?

« on: May 02, 2024, 11:54:56 PM »

Quote from: Jeffy112 on April 29, 2024, 03:34:17 PM

The race of crypto to all about updates,study and strategies. You only beed to keep the trade on base on different categories of currencies. Crypto currency induced users to logically explore in any means profitable. Just take your time and don't be too greedy.

Yes, we need to improve our knowledge, we need to update the information about crypto coins. In this way, we can develop the strategy and knowledge besides having more experiences. However, it is true that we also need to have good mentality. We don't need to be greedy, we must feel realistically. If we want to learn from the mistakes, we can improve our mentality.

Cryptocurrency Trading / Re: Saving... Investing... Speculating... Gambling? (Poll)

« on: May 02, 2024, 11:52:43 PM »

Quote from: EthereumDev_ on April 26, 2024, 11:09:59 PM

It is a risk that traders who trade will definitely experience losses in several ways. This can also be used as an important lesson so that in the future we don't make the same mistake many times.

No traders will always get profits, they should experience some loses. In this way, the traders got important lessons from the experience. I think no traders have perfect approaches, that's why they need improvement in the strategy of trading. Evaluating their habit in trading is one of the way to improve the strategy. So, there is no problem if a trader experiences losses several times.