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Messages - Faisal2202

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Bitcoin Forum / Re: Don't buy bitcoin only because of FOMO

« on: Today at 10:09:47 PM »

Quote from: Gladitorcomeback on April 26, 2024, 09:19:06 PM

A lot of new investors ignore this, but one of the primary principles of cryptocurrency investments is to only invest the money that isn't supposed to be used for anything else which means that you shouldn't invest money that you need to use for something else in your life so that if you needed to hold the assets for longer than you might have expected, you shouldn't have any problems with that.

Well said dear, as we should only invest in which we can't be afraid to lose. Although I don't think in this world there would be a person who wants his/her money to be lost and won't be afraid to lose. But what this statement meant is the same as you mentioned. We should not invest with the money we are living on, we are going to face our expenses. If we have some savings, then IMO it would be wise to save them in the form of BTC.

But first, we have to consider the timing as well, i.e. if its already a bull market then it is idiotic to save funds in the form of BTC now. but if you are planning to save funds for a longer period of time like for the next halving, then you can proceed.

Quote from: Gladitorcomeback on April 26, 2024, 09:19:06 PM

The method you are using is the perfect method, without a doubt, because if you are using money that is free from any obligation, you won't worry about how long the bear market gets or how much you might need to wait before you get some profit on your investment.

Even if the money is free from obligations, the person can fall into some kind of stress or worry or maybe in some emergency as well. Which can require him/her to get more funds then he have saved in an emergency account. We can't predict the future completely and I hope we never have to face such emergencies.

Bitcoin Forum / Re: Bitcoin halving is beginning, not the end of a big bull run. Hold your bitcoins!

« on: Today at 10:02:24 PM »

Quote from: tranthidung on April 20, 2024, 06:01:50 AM

Zoom out, you will have stronger confidence for your investment in Bitcoin. With time, a long time frame, for example, 4 year time frame, you can see a super bullish trend. Who can see bearish signals in this bar chart?

I am glad that I am reading this post this late, because my patience was almost over, and my belief as well. Because I have seen many old members saying (by old I mean experts) that BTC is not going to go up more than $80k. While before halving and ETF approval people were predicting the price to go up more than $150k even. I am confused but posts like these give me some kind of relief.

Although I know we should not follow others' advice, even if they are telling us to hold or not to hold, as we should do our own research. But its just that when people starts to say bull is no going to come as they were saying it already came before the halving as BTC made new ATH before the halving. This time its new. I hope BTC would make it to the $100k. BTW whats your target here OP.

Cryptocurrency discussions / Re: What's the biggest airdrop you've ever received?

« on: Today at 09:35:03 PM »

Quote from: KryptoBull on February 04, 2024, 12:10:16 AM

I want to hear your story in the Airdrop sector:
Have you ever participated in Airdrop?
What is the most valuable Airdrop you have ever received?
How did that airdrop help change your position and journey in the crypto market?

I have participated in airdrops, and started to join them regularly from January of this year (2024) and till now the average return is good to make me feel happy and worth the time. Although other airdropers have made good money even some made thousands of dollars in just 2 months. The big airdrop that made people good money I suppose is manta.
2. I received Beoble, which was my first big airdrop, then Mavia, and then a few others, I mostly joined the ones which are free, or less expensive. In short, due to some reasons, I avoid joining liquidity airdrops, where we have to add LP, and I also avoid the platform of Borrow and Lend categories. That's why the returns were not so high. But still I made around $400 maybe.
3. It proved to be an alternative source of income for me, and I don't have to spend too many time on it, I even delay my work till weekend and do it then to save me some time.

Cryptocurrency discussions / Re: Do you believe airdrops come from twitter media.

« on: Today at 09:30:36 PM »

Quote from: vs2014 on January 29, 2024, 06:54:26 PM

As soon as you enter the twitter account then you can see hundreds of airdrop posts in front of you where there are promises to give many tokens for free. Do you think all these airdrops are true? I think all are false and from here there will be possibility of hacking to connect your personal wallet. So be careful and avoid fake/false airdrop.

Nah I won't believe those airdrops and giveaways, because most of them are fake, and coming from scammers. And in the procedure of joining them when we connect our wallets with the platforms they required us to do. We lost out funds as well. We can't trust any airdrop we saw on twitter. This is the first rule I follow as an airdrop hunter. I only follow reputed influencers who share airdrops on their telegrams. Most of the people/influencers are active on TG groups and channels. They are not even active no Twitter.

So I won't believe any airdrop I saw on twitter and I will advice everyone to do the same. For example, when the twitter account of Vitalik Buterin was compromised, and hackers made a post of airdrop, and many people took it as legit and fall prey to the scammers, and overall lost at that day was more than 900K dollars. Its not a small amount. There are many other such cases exists too. So, I suggest we should double check everything before connecting our main wallets.

Basic Questions about Cryptos / Re: Did my wallet get dusked?

« on: Today at 09:23:22 PM »

From which cold wallet did you withdraw the funds? You used the term safepal. Well, the dust error must be shown because the amount you were trying to withdraw is considered a dust amount according to the wallet's policy you have used. That's why you were shown that code. And speaking of 1 input and 2 output, that's a little unique for me as well, like if you withdraw funds from a cexs then it's common as they send funds in batches.

AFAIK these cold wallets aren't supposed to send funds in batches.

News related to Crypto / Re: FTX has billions more than needed to repay bankruptcy victims

« on: Today at 07:59:50 PM »

That's good news for FTX victims, they will be able to receive their funds, plus they will be receiving 112% of what they lose. I mean that's more than 2x of what they lost. That's good news for all investors and customers. I hope they will repay soon. What I am afraid is, that these customers of FTX will start to sell their profits as soon as they get their funds back and this might cause a dip or temporary downtrend in the market due to excessive selling.

I am amazed to see how FTX has gained that many billions just due to accumulating, I mean that's what the news said, they raised this much funds due to accumulating they have done till now. If they have done this accumulating for a long time, then why did they not make some statements before, like to calm down customers, or they did and I am unaware of that?

BTW will SBF be released now? I guess not, as it does not changes the situation he put the clients in, I guess his sentence might be reduced if he paid the funds back. Overall its a win win for the customers which sued SBF.

News related to Crypto / Re: Trump Attacks Biden's Crypto Awareness, Says 'Biden Doesn't Even Know What It Is

« on: Today at 07:36:58 PM »

It's just a political move to gain more funds and more votes, I am quite impressed that the NFT edition of Trump has made him more than 1$ billion dollars. I mean that's a big milestone for a dude who is not into crypto. I know he has outsourced experts to make this happen but still it's a big deal in my POV. Besides I don't know on what factors he must be calling Biden's view a wrong one.

The news did not mentioned any, what do you guys think, I mean I know Biden is sticking the rules for crypto users/investors/miners. They are charging huge taxes, they are even implying tax on the electricity being used for mining. Besides taxes, and others strictness against crypto platforms what is bad that biden done and Trump is point towards?

Forum related / Re: Badges that encourage spamming the forum..

« on: Today at 07:06:29 AM »

Quote from: Fivestar4everMVP on May 04, 2024, 10:15:56 PM

Well, it's not necessary a spam badge whatsoever, and neither did i say that the badge is promoting spam, I said it encourages spam, promoting and encouraging are two different words with exactly two different meanings.

OK I got the point, although for me promoting and encouraging still had the same meaning but in this case, I agree with you. I know we should not do spamming to earn this badge as I and you have aforementioned that we can earn this badge the correct way.

You are right about the fact that we feel fatigue and complete tiredness but we can deal with that too. For example, if we have to make 50 posts, then we can write ten posts daily and won't upload it just write it (if that's allowed). And then wait for one day until we write 50 posts. And at the end, we start to upload post and can easily earn these badges.

Bitcoin Forum / Re: Halving - Do you still believe in the previous pattern?

« on: May 10, 2024, 10:41:42 PM »

Quote from: bayu7adi on May 10, 2024, 09:10:13 AM

We see that the BTC price graph is almost similar to the data from the BTC price graph during the previous halving. So, what makes you want to hold or add more accumulation? Are you guided by the charts alone or are there other things that you think have a big influence on Bitcoin?

You have shared a good piece of information but as a normal trader with no high technical skills its hard for me to understand it fully but I do understand some. I am not accumulating anymore but holding what I have accumulated till now. I don't depend only on charts but on other factors too. Because I know charts are based on historical data and historical data can't predict the future 100%.

For example, till now all the charts have shown that BTC makes new ATH after the halving, but only this time due to massive adoption, BTC made new ATH before the halving and falsified all of the historical charts and charts based predictions. I saw this pattern for the first time, and its not very convincing that I will start to invest again, because investing is decided after several thoughts, as we can't invest in a coin only on the basis of charts.

Bitcoin Forum / Re: Has BTC really become more attractive than gold?

« on: May 10, 2024, 10:35:48 PM »

Quote from: Jamal Aezaz on May 10, 2024, 09:00:37 PM

Both have potential to increase in price but Bitcoin is thought to be more friendly because its success is rapid while gold will take time to increase. People often choose one of them but if they choose both of these assets then they will be in more profit so I think they will hold Bitcoin up to four years and also hold some gold when it grows more then sell it.

I will say that as compared to Bitcoin gold is a more trusted asset as fluctuations in gold are not as high as that of in Bitcoin. We cannot ignore the profitability of any of these so buy both and hold to get revenue from both.

No doubt fluctuations are not as high as in BTC. But that's what makes it more attractive for investment. I mean we can gain more on BTC and it is not even gambling, like we are not going to lose it all. If we are not able to make a profit in one cycle then we will wait for another. And this cyclic behavior of BTC can make us a hell lot of money in the long run.

Gold no doubt is more attractive as it's traditional, but think for another second that what if people leave the ritual of giving and taking gold in marriages ( I know in foreign countries it won't happen) and replace Gold with BTC? Demand will increase greatly. BTW a lot of people consider this POV of us wrong, they say BTC should not be used as long-term investment to store the value of our money while it should be used as currency like p2p. Well, in short we should fill our bags from all the pools, and if BTC is giving us more profit with some risk then we should invest in it what we don't afraid to lose and will invest in Gold what I afraid to lose.

News related to Crypto / Re: Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Pha

« on: May 10, 2024, 08:40:39 PM »

Quote from: Zed0X on May 05, 2024, 05:35:03 AM

I'm quite dumbfounded at how you guys are still praising him. Are you a Binance user? CZ most likely sold you (and thousands of users) out already in exchange for his light sentence. He's not strong but wise enough to bend to authorities because there was a strong evidence against him. He's obviously happy that he got only 4 months that's why he can speak positively about his situation.

I didn't mean to praise him but admire (same thing😁) the words he is using while in such a situation. I don't know the reason you saying he sold us out. It would be great if you could shed some light on it. As I do use Binance, not a fan but a user, I don't judge people by a few words of them, actually, I have seen how Binance has dealt with SEC and other authorities. And how the SEC has made them leave the US region. I mean in my POV they manipulated things so that Binance would comply with them fully which is not beneficial for them and now SEC is going after every other CEX.

Which in the long run is a good thing no doubt. Well, I would like to know about those strong evidences, besides the ones that proved his exchanges were used to send funds to Gaza and Hamas and then tagged as terrorist funding. I am not a follower of some CEX I have to be open minded otherwise we lose funds

Bitcoin Forum / Re: Has the bear market started?

« on: May 10, 2024, 08:17:29 PM »

Quote from: LUCKMCFLY on May 10, 2024, 03:15:28 AM

Today I saw more analysis from some traders where they said that bitcoin would reach $52k again, but this is something that I don't understand very well, based on what can you guarantee this?

I did not mean to say it will directly touch the $50k target, as I was trying to say, first it will break some supports, like $57k then further below until $50k. My hard guess is $50k and in the long run it don't made me nervous because I am holding until $100k which I think is must. I don't know why before halving people were so bullish that they won't stop saying BTC will touch $100k some are even saying it can touch $150k but now people are not so bullish.

They are predicting the price to touch maximum of $80k. Speaking of $50k target you are right a big event could made that happen otherwise BTC is still moving up and down (consolidate) but I still think a big dump is coming, as MT Gox payment is going to be distributed and there are other seized funds are going to be released by the authorities.

Cryptocurrency Trading / Re: Opt for the safest exchange?

« on: May 10, 2024, 07:54:33 PM »

Quote from: enwi on May 10, 2024, 12:26:57 PM

I prefer not to use a new exchange because it will put the money we have at risk, it's better to use an exchange like the one you mentioned, bybit is also one of the best exchanges at the moment.

I agree with you, we should not use new exchanges with big funds, the ones I mentioned like Binance, ByBit, and OKX (did not mention before) are good, old, and reputed exchanges. We can trust these exchanges but never blindly use these exchanges. Especially if a person is not very active and not seeing the latest news then he might become a victim of some kind of fud. For example, Houbi is a good exchange, until some hackers hacked the website and inserted phishing links in it.

People are the ones who notice it, I mean the team is not aware of the issue, people are the first who notice it. Therefore even if we are using old, reputed exchanges, we still have to be careful with our funds, and its essential for us to keep an eye on the news section.

Basic Questions about Cryptos / Re: [GUIDE] What are Crypto Airdrops?

« on: May 10, 2024, 03:41:01 PM »

Quote from: Paldo.io on May 04, 2024, 01:58:23 AM

I'm so not a fan of those social media airdrops. The reputable airdrops has moved on from those to liquidity airdrops already. Thanks for the recommendation tho!

Everyone has there choice, I have spent a good time on these social media airdrops accumulating points, which is also free to do, although unlike liquidity airdrops we have to give more time and the reward is lesser. But unlike these social media points-based airdrops, there is more risk of losing your investment in these liquidity airdrops. I mean you added LP and afterward, the pair starts to lose value. Although it would be a win-win if you are holding a token for the long term and you added it into LP to gain airdrop.

So no doubt you will be making a profit after a long time as your main aim is to hold that pair for a longer period of time, and you only added LP (another way to hold) and made extra bucks via Airdrops earnings. Speaking of reputable airdrops, many are still in the point system. Like I joined few more airdrops today which was basically testnet based and tasks were easy and free to do, and those platforms had more than $5 million of fundraising (minimum).

News related to Crypto / Re: Bitcoin historian creates lore website tracking memes

« on: May 10, 2024, 03:35:26 PM »

Quote from: ABCbits on May 03, 2024, 11:33:25 AM

Using different DNS or encrypted DNS wouldn't help if that government very serious to perform censorship though. They'd just obtain list of IP owned by Twitter and ask ISP to block connection to those IP.

You are right, DNS is not a good option if the government decides to take strict actions against those who change it to access Twitter. The best option is to use a platform that could also provide encryption on traffic and hide my actual location. But before writing the first post on this thread I did not have a good VPN now I have my hands on a Paid version of a VPN which is a good thing.

But I also found some alternative ways to access Twitter for example I came to know we can set proxies in our twitter account (in the app). But one proxy works for me only one time, like when I turned on the VPN that proxy don't worked afterwards.