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Messages - Dr.Bitcoin_Strange

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1
I don't know how many times a day I watch the market, there might be no purpose but after every now and then I reach out to my pocket, take out my mobile, and check the market only to stay updated about the prices because I like doing that, no obligations but still.
Same for me, I am also not counting how many times I commonly check market every day. because it's often enough. Somehow it has become a habit that when holding a cellphone after stopping for a moment, the thing to do is open Whatsapp and then open the market.

but yes, it's just a matter of checking the ups and downs, what coins are up and what coins are down. as well as checking our portfolio, or other things. And sometimes it doesn't have to be like that. What is certain is, if we do not feel objections and do not influence our emotional stability in our decisions, there is no problem. Unless we panic easily, this might be a little confusing. back to each individual.
Trust me I totally understand what that feels like, because cultivating and getting addicted to the habit of regularly checking the market is very very easy, especially when it's just too accessible. Sometimes you don't even know how and when you just manage to swing by, just like a reflex action where you just see your thumb always wanting to go there, even when you don't want to.

You're right that one needs to be very careful when checking the market because at that point, you could see something that'll motivate you or stir up your emotions into moving fast to take drastic actions or decisions that could affect your work.

2
Basic Questions about Cryptos / Re: Are Bitcoins a good investment?
« on: May 14, 2024, 10:54:55 PM »
Yes obviously Bitcoin is best for investment. Bitcoin is father of all coin i think. Bitcoin is oldest coin in the cryptocurrency market. And it’s position 1st on cryptocurrency market. And it’s marketcap and transection volume is huge no any competitor for Bitcoin till now. If anyone invest on Bitcoin he will be must benefited there has no doubt. Today or tomorrow Bitcoin will give profit i strongly believe it and till now it happened.
Most definitely.
Bitcoin has so far proven to be the safest asset to invest in. Unlike every other crypto assets, bitcoin has been around the longest and is still breaking limits. Longevity is one of the qualities of a good crypto asset worth investing in and bitcoin has it, because it's the longest and most widely adopted cryptocurrency and more people are still adopting.

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.

Bitcoin can indeed experience some dip sometimes but we must always remember that bitcoin always have the ability to recover from every temporary market fluctuations and set new ATH giving investors who HODL amazing profits.

3
Yes it could be happen, Because everything is possible in cryptocurrency market. If Bitcoin move again previous circle i will not be surprised. So everyone should be careful about his investment. But i think after some down bitcoin will pump and it will hit new ATH and soon we will see Bitcoin price touch $100k. And i am waiting for that.

But i am telling again everything is possible in cryptocurrency market. So we should careful and we have to invest and trade carefully.
Most definitely,  this is only a recuperation period for BTC, and after the recuperation period is over, there'll be another Bull run, following the effect of the just concluded halving.
I know that a lot of investors have already lost hope in bitcoin, following the unending bearish trend that has just hit the market because they were expecting the market to be on a steady green after the halving, but they fail to realize that even in the previous cycles, it took quite some time before market entered a bull run after the halving.

Although I don't know for sure if the next bull run would send bitcoin to 100k, but there's been lots of speculations and like you said, the crypto market is so unpredictable and volatile, so it'll be impossible to predict exactly what would will happen in the future, but it'll indeed be a good thimg for investors if bitcoin could set such a historical standard.

4
Basic Questions about Cryptos / Re: BENEFITS OF CRYPTOCURRENCY?
« on: May 14, 2024, 10:37:08 PM »
Cryptocurrency investment is not too easy, it is veey risky and unpredictable. But it also has some good things. Many people become self sufficient from cryptocurrency. Even huge people has been economically established from cryptocurrency. So i think cryptocurrency has huge benefitesd for is.
That's right, the emergence of cryptocurrency has indeed opened our eyes to so many possibilities and opportunities, now there are many ways people can earn via cryptocurrency at the comfort of their homes.
Especially in countries that lacks sufficient job opportunities for its residents, people can no longer depend on the government to provide jobs for them, instead they'll turn to cryptocurrency opportunities and make a healthy living from it without having to get themselves in anything illegal before they can make a living.

5
yeah you right we should focus on quality of what we write , because alot of users here are just posting anyhow expecially those that are new here , fir the purpose to increase their activity inorder to rankup fast , which is not appropriate at all.
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.

6
The bigger risk associated with exchange or any centralized party is stuff like bankruptcy, or terrible security practices where they got hacked and lost a lot of money, etc. Not to mention some 2FA or KYC processes can get hacked too, depending on which exchange you use. So this KYC process doesn't say much.
You forgot to mention risk of jeopardizing of user's privacy and identity, which is one of the most common risks attached with using Centralized Exchanges.
You can't boast of absolute anonymity because your personal data are being stored on the exchange's database and hence could be easily assessed by the government or authorities, which stands against what crypto really stands for, decentralization.

7
Cryptocurrency Trading / Re: Just HODL
« on: May 14, 2024, 03:59:53 PM »
Yes i am still holding Bitcoin and some altcoin. Hold is gold i believe it. I think within short time we will saw real bull market. And i want to wait and hold my all fund. I believe ditire bull session my fund will be minimum 3x to 4x. Sobi am holding till now. I think ifd anyone invest now and hold that for few month he also will be profitable thwre has no doubt. And i think if hold now he will get minimum 2x-3x profit. So i will tell hold,  hold and hold.
The safest crypto asset to HODL has always been and will always be Bitcoin. I can't really say for sure when it comes to altcoins, because anything can happen at anytime and you can lose all your money. That's why it's advised to only invest only what you can afford to lose.
Well, everyone has the right to invest in whatever asset they wish to and I cannot advise you on what or what not to invest in but I can only advise you to always be cautious when in it involves investing in altcoins because there's a very high risk of losses.
I'm not saying there are no losses associated with Bitcoin but when you invest in Bitcoin, you can only incur losses when you either choose a terrible strategy, fail to adhere to the rules of Bitcoin investment or you allow your emotions help you make certain choices. Other than that, you're completely safe when investing in Bitcoin.

8
In crypto there are different ways you can actually make money without taking much risk..ain't saying this is risk free but you know, it can't be compared when you force yourself trading and losing it all in one goal
You're right, every approach has its own risks involved, as long as it has to do with cryptocurrency. Different people have different perspectives of cryptocurrency and different ways and approaches that aligns with their goals and objectives, those who trade have their own reasons why they have chosen to become traders, those who HODL also have their own reasons for HODLing and those who also choose to Stake also have their personal reasons that influences their decision even after knowing of the other available options, maybe due to past experiences or what they've been told about the other options.
The most important point to note in all these is that every approach has its own risks involved, one person's risk tolerance level may not be the others, so everyone should choose and follow their own personal approach due to their risk tolerance level.

9
I think exchange is a lot more secure than most of these P2P platforms, because when trading via P2P, the most important thing to be considered is safety.
Although P2P platforms offer a lot more higher returns than the exchange P2P, as well as more flexible investment terms and conditions but we also need to acknowledge the fact that P2P platforms carries higher risks than exchange P2P due to it's less strict security and verification measures, plus their fees are also a lot more higher than exchange P2P.

Getting scammed via exchange P2P is somehow difficult, except you're careless and negligent, but if you're careful, then you can't just get scammed, and even when one gets scammed, it could be a lot more easier for the issue to be traced and attempt rectification due to it's strict security and verification measures.

10
Cryptocurrency discussions / Re: Anonymity - good or bad?
« on: May 13, 2024, 09:13:03 PM »
If you look well government is fighting seriously to remove privacy from cryptocurrency and that is why they are fighting to ban all the mixers and also fighting to control Centralized Exchanges. Recently I saw a pop up news from Google app and it says that, LocalMonero which was used to buy and sell  platform might shutdown it operation and more will follow because of the government pressure on them. Some countries government is asking of the Centralized Exchanges to produce the users details to them and once that is provided then the participants of cryptocurrency will be affected.
If the only thing that is stopping the government from bringing down bitcoin or cryptocurrency at large is decentralization, anonymity and privacy.
We all know that the government is strongly against crypto because the presence of crypto poses some kind of threat to them because they're no more in total control of the economic financial system, so it's either they gain back control or attempt to destroy it, and since it has proven rather impossible to gain back control, the option left would be to try to get rid of it and the only way they can actually do that would be to compromise its privacy and anonymity.

11
You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low
The existence of altcoins surely support Bitcoin. Bitcoin becomes popular because of the supports from altcoins. However, I think the price of Bitcoin isn't influenced by altcoins. Bitcoin price is growing with its own way, it is expensive because it has limited supply. But I don't deny that the popularity of Bitcoin triggers higher demands on Bitcoin. Anyway, we can't claim Bitcoin was has no value because there were no altcoins. Everything should be cheap when it is in a very early stage of development.
You absolutely said it all in a more clearer way.
The reason bitcoin price was relatively low was because it was merely in its earliest stage and needed nothing but time and all it already has.
So I'll change my assessment a bit, I'd also say that on a scale of 1 to 10, if I'm to scale just how much altcoins contributed to Bitcoin's popularity, then I'll say just 1.
Reason because wa few people got introduced into the crypto industry via airdrops and bounties before they even got to know about Bitcoin so yeah in some little way altcoins might have just contributed a little to Bitcoin's popularity.

12
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These new sets of avatar are cool, I love the animation on the last one. Great work boss.

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13
You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low
I wouldn't really completely agree with this assertion.
The only reason bitcoin is doing so well today was because more people are adopting and using it, even before the emerging of altcoins, Bitcoin has been doing pretty well and still is, on the contrary, I believe it's the other altcoins that actually depends on Bitcoin's popularity to survive and do well.

14
Cryptocurrency discussions / Re: Do you still believe in old coins?
« on: May 12, 2024, 10:24:53 PM »
If you want to be safe in investing, choose old coins, but there are also new coins that have great potential, but we have to do research first so we don't experience losses. but if you lack knowledge and experience, you should choose old coins.

Neither all old nor all new coins are profitable but the top coins can minimise your loss because of its already obtained trust from its holders. There are also some new coins which can give you huge success so sometimes trending coins are better to buy but the selling price should be based on the value which you have selected as a target.

Knowledge is necessary for both old coins investment or new coins investment but the time of holding should be understood clearly as some people lack the ability to target a value of selling so that is why they miss to get a big reward.
If you want to achieve success with big profits, whether new coins or old coins, buy at the right time and sell at the highest time. This is very difficult, because we cannot predict when it will happen? We can only buy when it is bearish and sell it during the bullish season.
I couldn't agree more with you.
When it comes to cryptocurrency investment or any other investments, timing is very essential. If one can successfully buy at the right time when the price is low and sell when the price is at its highest, then it'll lead to significant profit. But just like you clearly stated, accurately predicting the market's ups and down is almost impossible and attempting to time the market could lead to even more losses.

15
General Discussion / Re: Afraid of investments?
« on: May 12, 2024, 04:06:40 AM »
Everybody wants to gain profits by investing. That's why they are so anxious in investing in case they lose money. As far as ICO's are concerned most of the ICO's are scam, so why would one invest in these projects.
One doesn't need to be afraid of investing, except of course the person isn't sure or doesn't have adequate knowledge of what he intend to invest in, or he is simply investing more than he can actually afford to lose which is of course not a responsible way to approach any form of investment, even when you're vwey ceerain of the authenticity of the investment, it's alwaya crucial to approach investments with extreme caution.

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