Quote from: SmartGold01 on May 10, 2024, 09:43:22 PM

Cryptocurrency is also another cool way to make money but it depends on the kind of asset someone is investing because for short periods it could be hard to make wealth with bitcoin, but with altcoin in short period is sure and that is why people think cryptocurrency makes people wealthy. And of a true they can make money as well as lose money so quickly if they don't apply cautionness towards their investment to know when to pulled out or when to still keep holding their assets, and apart from bitcoin I can't really encourage people who doesn't have enough knowledge to venture into altcoin investment.

Right, cryptocurrency seems more easily way for investor or trader to earn much money than other kinds of investing such as stock or property investment kinds.
Bitcoin and altcoin worth to trade as short term or long term behind faster moving up or down make the trader in short term or taking profit more faster than investing their money in other way of investment. But getting risk how easily and faster earn money trough cryptocurrency trading has another side with quickly getting loss in trading behind wrong prediction when investing.

Quote from: SmartGold01 on May 10, 2024, 03:17:13 PM

Although trading seems pretty cool for those who can trade very well or those who seems to be professional in trading as well making profits. I just totally accepted investing at the bear market only on bitcoin since it easily bounce back to the price than altcoin, in altcoin investment most of them do not survived for long run and caused serious lost.

Most altcoins aren't suitable for long-term, they are only good for either scalping or short-term trades because when you are doing these things, you don't need to care about the long-term price results of that cryptocurrency because even if it moves up a little bit for one day or even for one hour, you will achieve what you were looking for and sell your assets immediately for a small percentage of profit.

Some altcoins are trusted by the market such as ETH, LTC, DASH, and some more, but other than ETH, none of the altcoins seems to be completely trustworthy when it comes to holding them for the long term, this is why traders only use altcoins for short-term mostly.

Simply no!
And even if it were some rare occasion where NFTs would be valuable from the start they would have a hefty price tag, much as your everyday collectibles since basically, they are nothing different. Think of rare cards be it pokemon of baseball and that's the same for NFTs, as for other use cases they have all flopped, nobody is going to pay money for jpg of an art piece he has no real ownership of it.
Of course, it doesn't mean there won't be money to be made from this, but long term, the ones minting will make money the ones buying will lose.

Quote from: SmartGold01 on May 10, 2024, 02:53:02 PM

Stacking satoshi is only for those knows how the market really works and not for a short investor who would keep getting worried over the change of price of bitcoin, and of a true while investing in bitcoin and you keep having this doubt on the price in dollars without looking at the fractions you would hold on bitcoin sure affects us.
As long time investor, just invest and hold don't be worried over the price of it over time as it keeps changes but look at the duration you wished to hold it.

In investing we must have a plan at the start, for the long term or short term. If you want to be safe, buy during the bearish season and save for the long term, this is more profitable. But if you want to do it for the short term, you can trade on the exchange

Quote from: vegasus on May 09, 2024, 10:40:23 PM

Quote from: SmartGold01 on May 08, 2024, 10:34:50 AM

Whom to be blame themselves or the creator of bitcoin?
We know this and even before now they never believed in bitcoin because then many of them where seeing it as something that is so manipulative and some point could lose their investment and yes they don't really get convinced just like that, let say someone just came up something you never had experience of or even know how it looks like and asked you to invest or put your money would you just put your money or you would wait to monitor how that thing works first, and maybe would want to be thoroughly convinced before you could do that so, same thing is applicable to the current world where people are wanting to delve into bitcoin investment not just of utilizing the true nature of it but both in profits and they believed is going place and here to stay.

When it comes to the losses they experienced, if people blame Bitcoin's creators, then that is quite stupid. But it's true, there are still people who think about this. Yes, once again, once a hater will be hated whatever the conditions. then I will always hate the existing situation. But basically, we understand that if someone who is new to crypto immediately starts investing in Bitcoin without sufficient understanding first, and has very little patience, and doesn't want to learn and understand it first, then this will actually be a deeper misconception. Again. because their benchmark is investing and taking profits. but does not consider the process aspects of the investment.

It's true, the losses experienced by traders are of course their own fault because they are too easily influenced by the situation in the market and they enter bitcoin without further knowledge, bitcoin has a very high risk therefore before buying bitcoin you must do it. research first.

Quote from: Google+ on May 09, 2024, 03:20:16 PM

Quote from: MRY on May 06, 2024, 01:11:55 PM

Quote from: philipma1957 on May 04, 2024, 03:26:12 PM

yeah we are all a bit depressed at the moment.

i got some dip and I will hodl on for now.

Currently the price of bitcoin is still hovering around $64k, it seems very difficult for the price to increase to the figure that many people expect. There has to be good news that can trigger whales to buy bitcoin.

If you look at the current market conditions it will make you short of breath, market conditions have collapsed again, Bitcoin is back below $60k. Hopefully market conditions will recover quickly and prices will increase again, we have all been waiting for the altcoin season to happen again for a long time.

On the time that we do have those breakouts then it would really be just that normal that there would really be those impressions that it might really be seeing or touching 80k so easily or even thinking that 100k is really within reach on which this is really that a common human being behavior or kind of mindset on the time that we would really be seeing those numbers without even
trying out to realize that we are in a dynamic and volatile market on which price corrections would really be that always in line or simply this wont really be a smooth sail ride on where
some of people really been thinking off.

It's too early to claim this is the shortest bull run, as we can expect more price increases, especially for Bitcoin and Ethereum. I'm prepared for this by pairing the two cryptocurrencies on Bitget's smart portfolio. And this way, if Bitcoin experiences a bull run first, I'll accumulate more ETH. Then, I'll be ready for Ethereum's typically larger bull cycle, which tends to follow Bitcoin's price surge.