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Messages - taufik123

Pages: [1] 2 3 ... 34
1
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.
It's about a greed that will cost anything, whatever the initial profit is,
if there is no control on the use of funds for gambling, then nothing can be saved.

At first I made a lot of money, felt like I was the luckiest person and then came in with 70% of my funds and then wasted my funds like nothing happened. Though that was the beginning of their destruction.

The importance of being self-aware and in full control on finances, financial management and not being greedy in everything.

2


To say that gold is not an inflation hedge is just delusional, I should say. Gold has always been that way. Sure, it is harder to buy than Bitcoin, and doesn't have big gains or losses like it, but it's stable, and that's why lots of businesses and people still use it as a store of value.

Bitcoin is a bit too volatile for that but it suits most people's needs for generating wealth. Me personally though, I just use it as currency as it was intended to be.
In fact, gold has always been the best "Safe Haven" Asset because of its stable value and cannot be compared with Bitcoin which is very volatile.

Both are different and cannot be equated, Bitcoin will certainly generate profits faster and more with fluctuations that occur, but the risk is also quite large.
I use bitcoin now just to take more profits for the long term and don't really use it as a currency like you do.
Because this is also related to existing regulations in my country which can only be as commodity assets.

3
Bitcoin paid signature campaigns are indeed a good incentive, I will not be hypocritical that money can indeed make us more enthusiastic and diligent in studying. This should form good habits for most users, and when there are fewer campaigns, it is hoped that users will still be able to actively discuss and exchange ideas.

Some people who do 'Teleport' may make altcoinstalks their second place, but there are some of our friends who are native members of this forum and make this forum their main forum. I respect whatever the original users of this forum do.
In fact, we don't need to be hypocritical with our presence on this forum, teleporting as new members to work on signature campaigns.
This forum is growing in a better direction, with the Mixer campaign this forum has more value now.
We are still very early and just beginning to get bigger.

The original forum members and those who have been in this forum for a long time have tremendous dedication,
able to stay on the forum with or without any campaign at all.
When many signature campaigns appear, they deserve a spot.

4
If you want to get big profits, choose new coins, but we both know that with new coins the risk is bigger. But if you want to be safe, choose the top rank coins in CMC, because they have been proven to last until now. There are lots of scams, be careful.
Mate, new coins never guarantees big profits. New coins even may lead to huge losses because they are riskier than old coins. And the top coins on CMC doesn't guarantee safety, just don't choose meme coins among the top coins. Even if the meme coins are a part of the top coins, they have no clear fundamentals. Anyway, most scams come from new altcoins, that's why we must be very careful if we want to invest in new coins.
You are right, caution to invest it needs to be done so as not to get stuck on new altcoins that will eventually just be abandoned and will have no price at all.

Quite often advice like this I find, but some people who place their risk on new altcoins or emerging memecoins,
they are already aware of how risky it is.

It's like when you catch a knife from a height that will risk injuring you, but if you can catch it with the right moment then you will succeed.
Such is how a new altcoin or memecoin that reaches ATH is pretty crazy, even a $1 investment can become hundreds of thousands of dollars in just an instant.

5
Basic Questions about Cryptos / Re: Stake,earn and mining?
« on: Today at 09:57:20 AM »
-snip-
Another suggestion is to use $10 to donate to a good trader on Youtube, sometimes a small donation can open up a greater opportunity than learning free knowledge and experience from him.
Donate to traders on YouTube?
Wouldn't it just be a small donation, and of course it won't get anything in return?
Instead of having to donate to traders who already have more money, it's better to use that 1 opportunity by buying memecoins that have just emerged and are hyped, hoping to rise thousands of percent, or they will just disappear.

6
In my perspective that governments are implicitly allowing Bitcoin, even if they don't allow it directly. When investment is allowed in a country then Bitcoin will also be considered as a payment method in that country but it may take a little longer time. Some countries have already legalized crypto and the number will gradually increase. After the emergence of Bitcoin most of the governments of the world did not support Bitcoin but that did not decrease people's interest in Bitcoin.
The statement to every country that implicitly allows bitcoin only occurs in countries that do from the beginning provide regulations that seem to allow, but not completely.

But looking at some developing countries or developed countries that banned bitcoin from the beginning, there is certainly no loophole anymore.
My country Indonesia makes bitcoin as a commodity asset, and it is a regulation that allows bitcoin as a trading asset but cannot be a means of payment.

But gradually regulation can also pay off depending on every regulation made and some research on the advantages of using crypto.

7
I believe there are moderators saddled with that responsibility of getting rid of shit posts and making sure that shit posters are appropriately punished or warned to ensure it doesn't repeat again, and I think they're doing a great job because even if the forum isn't completely purged of shit posts and posters, at least they have flushed out majority of them and they are still working tirelessly to ensure the total eradication of shit posts.

I can say for sure that the forum a lot more better than it used to be and in time to come other actions would still be carried out and this menace would be tackled for good.
Moderators seem to indeed have more work and are busier after the mixer campaign moved to these forums.
And this makes the forum very crowded with thousands of posts traffic every day, but actually it is not only the task of moderators, we as users who are aware of the cleanliness and state of the forum can report any post that violates the forum terms so that their work is lighter.

This forum is indeed much better and more active than before.
Now it's the second place to discuss crypto and such.

8
Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?
« on: May 15, 2024, 04:31:45 PM »
-snip-
DCA is a good strategy for the long term holding. It is also suitable for people who have limited funds. We can apply DCA on our Bitcoin investment if it looks suitable with our condition.  ;)
It is very suitable if you have a reserve of funds that is possible, because DCA is done slowly, buying gradually at any price level with a predetermined time Or you can also buy when the price is in correction.

Always do the management correctly then the plan to do DCA will go well.
Sometimes some people just buy without thinking about how much to buy and how much to keep for backup.

9
Basic Questions about Cryptos / Re: Are Bitcoins a good investment?
« on: May 15, 2024, 03:56:23 PM »
-snip-
Although Bitcoin is a long-term investment and should be considered for its long-term potentials, if anyone wishes to really get the best out of Bitcoin, then one should avoid attempting to predict the market and just HODL for the long-term.
-snip-
HODL for the long term, but not HODL for life.
There should be a price target that needs to be achieved, even if it's long-term.

I also hold bitcoin for the long term, buying again when the price drops dramatically like the last few weeks,
but still targeting the price to take profits.

The target that needs to be achieved for now is a new ATH at $100k, and that's quite realistic.

10
I remember that trader's name when I was still actively following prices on an almost daily/weekly basis. He seems reliable unlike those who only appear during bullruns but, anyway, everything is still speculation. If I have to bet, I would rather choose to respect the halving and its previous cycles.
All of these are processes and previous cycles are a snapshot of how the bitcoin price will go.
People who are too skeptical of bitcoin's decline after the halving, of course, they don't know how the previous cycle happened.

It's not always the same, but bulls will soon arrive and bitcoin will start getting rid of those who don't believe.

11
del

12
Currently I am still confident in Bitcoin, but what I worry about is if this season's bullrun becomes Bitcoin's last bullrun forever, that would be like a nightmare too. We've seen a lot of bad news lately, and government regulations have never given up on bringing Bitcoin down. This bombardment is what makes me a little concerned and I want to prepare for the last bullrun which might happen this year.
If you are worried about the last Bullrun and are afraid that the price of bitcoin will drop drastically after that,
then you need to prepare to take the profits that you will target.

But before that you need to fill your bag as fully as possible now, set the main target and take the profit when it has been achieved.
My main target for the last ATH is $100k and after that I will just see how the bitcoin market develops, whether it will go down after the big Bullrun or will it just standby and continue to reach new ATH again.

13
-snip-
but I'm afraid that a lot of users don't understand the concept of custodial vs. non-custodial wallets, and that by using such apps they can live in the delusion that their funds are safe.

My opinion is that such things should not be mixed, but it is up to everyone to choose what to use and in what way.
Beginners probably won't understand the concept, they just use it and transfer their assets to it and think it's a secure wallet because it's in their own account.

Even though looking at the reality that is happening today, many account hacks are happening and of course wallets that have been integrated with the account will also be accessible.

How dangerous this would be if without having good security and not realizing that what they deposited would be vulnerable to being hacked by others and losing it all.

Everyone does have a free choice to use any application or wallet that is integrated with chat applications etc.
But people who really care about the security of their assets will certainly think where is the best place to store assets and have complete control.

14
-snip-
Better to use a wallet than using CEX to store assets. By doing this, the only one who hold our fund is ourselves, not the exchange or anyone.
And for better security, then keep the seed phrase in the best place, and only you know so that it will remain safe for the backups you have.
Don't lose the key, People only care about where they store assets but don't care about their security.

-snip-
As Mr @taufik said, we also need to spread the word to store our assets, so that if there is a wallet that is vulnerable to security, at least our assets don't collapse 100% because of this.

Choosing many different wallets and including exchange wallets too, I don't think is a big problem.
Yes socialization is important, but not everyone can get it, sometimes we ourselves as wallet owners have to know what to do.
Learn how to secure valuable wallets and secure assets, so that they remain safe and only you can control them.

15
It is quite interesting, and I use telegram with a crypto wallet that I have activated.
But the crypto wallet generated on telegram cannot be exported to another crypto wallet and you will also not get a seed phrase.

That means we as wallet owners do not have full access to the wallet and only Telegram knows.
I don't really use it for my main assets, just use it to explore TONS of space and the ecosystem within it with the minimum funds I send to my telegram wallet



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