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Messages - jeraldskie11

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1
No matter what changes occur in Ethereum, it is still referred to as Alts. This means that if you believe in Bitcoin dominance, altcoins will follow. Aside from that, I do not believe Ethereum truly decouples from Bitcoin, as we can see from the Ethereum chart since 2022, when the price of Bitcoin rises, Ethereum follows. So, I believe no currency is exempted from it.

2
Basic Questions about Cryptos / Re: Bitcoin Votality
« on: Today at 05:10:49 PM »
Volatility happens to be one the most amazing features that makes bitcoin and a few other altcoins to stand out from the normal traditional fiat.
Bitcoin's value is highly unpredictable which actually has its advantages and disadvantages too. Bitcoin has the potential for huge profits but the impossibility to actually predict the market is what makes it pretty hard on one hand and on the other hand makes bitcoin investment a lot more interesting and adventurous.

Bitcoin's Volatility could actually be turned to your own advantage of you master the act of HODLing for a very longtime, even when the market experiences some shocking DIPs, that's the easiest way you can actually reap the actual reward bitcoin has to offer
Yes, if Bitcoin is a stable coin, many people will still reject it today. Because of the volatility, investors are encouraged to invest in it because of the possible long-term profit when the price rises significantly. The creator of Bitcoin was so smart in thinking about the mechanics. If Satoshi were present today, many people would thank him for creating Bitcoin, which has changed countless people's lives.

3
Basic Questions about Cryptos / Re: Why bitcoin
« on: Today at 03:52:09 PM »
However, nowadays, most people are interested in Bitcoin or cryptocurrencies because they have volatiles values and they go up and down which creates opportunities for them to gain profit when they buy them low and sell them high, but the properties and benefits of Bitcoin are unmatchable despite all other things.
I would like prefer investing in cryptocurrency with bitcoin behind easy recovery back to higher price than altcoin, many people frustrated when investing in bitcoin the first time raise the new higher price above $65k but last month bitcoin success back and make the new higher price up to $73k.
For altcoin very difficult how reach up and recovery from the last new higher price and waiting more longer than bitcoin, its easily how to imagine when investing in bitcoin buy on lower price then selling at higher price.
Bitcoin has more potential for profitability than any other token, and it's also in fact the safest crypto asset to hold onto, compared to every other cryptocurrency.
I agree with these statement. If you invest in Bitcoin, it has the highest probability that you will get profit in months or years of holding among the other cryptocurrencies. But I wouldn't agree that you can make big profit and can turn poor people into rich. If you want to become rich invest in Alts. In terms of sustainability, I believe that Bitcoin is the number 1. Fortunately, people prefer sustainability than with high risk high rewards.

4
because there are no limits of participants they only received a small rewards but still we should appreciate it because not all people get money from it.
Just like how much they received from it?
I don't think you will appreciate that small amount that is not worth your effort.
You can't even transfer on exchange to make a trade.

IMO, airdrop nowadays is a total waste of time, there might be 1 out of 10 but I don't think how hard to get when there's a lot of task to do.
If the rewards you get are too small to enable you to withdraw them, I understand if this disappoints you. However, this is quite unusual; most of them are worth between $10 and $20. So even if I only received a $10 rewards, I would be grateful. Most of the rewards I receive from airdrops are worth $10 to $20, so it's nothing unusual if I continue to receive the same. If we can't appreciate it, we stop performing airdrops because we're not satisfied with what we've received.

5
-snip-
I think not worth joining airdrop estimate dollar behind participants not limit, better depend on coins supply such as 2% or 5% allocated to community and airdrop participants.
Yes it is better and clearer how many airdrops are allocated, but of course there will be a limit to how many participants for the airdrop.
If there is no limit it will only be a very small reward, because many participants work on more than one account or do farming airdrops.
Yeah, that is true. Just like what happened to Notcoin, we all know how successful this project was because they gathered many investors. As we remember the day of it's launched, they make almost 1B marketcap which is normally not possible with many mining airdrops. And because there are no limits of participants they only received a small rewards but still we should appreciate it because not all people get money from it.

6
Basic Questions about Cryptos / Re: Bitcoin or Etherum?
« on: Today at 05:32:17 AM »
What would be the best investment for a better profit?
Ethereum was also good investment but If we compare this to Bitcoin in terms profit, Bitcoin is better. Based on their charts, Bitcoin gains more than 300% from Nov 2022 while Ethereum gains more than 200%. This year was a great advantage to Bitcoin because of halving, people expected for the price explode last quarter of this year or the year 2025. While Ethereum don't have new updates at the moment but still benefit from Bitcoin's price increase.

7
Tama, kaya dapat tayong maging disiplinado upang maiwasan ang pagiging greedy. Ang pagiging disiplinado ay kailangang i-develop, hindi ito makukuha sa isang araw lang. Maaaring maiwasan mo ang greed kung ikaw ay isang disiplinadong tao. Dahil cryptocurrency ang pinag-uusapan natin, maaari tayong magbasa ng mga aklat na makakatulong sa atin na magkaroon ng matibay na pag-iisip kapag nag-iinvest o nagtititrade.

Hindi talaga natin maiwasan kabayan na magiging greedy paminsan-minsan dahil may iba't-iba tayong mga pangangailangan sa buhay. May iba dyan ng gusto na ibenta yong bitcoin nila sa ganitong presyo dahil may pagagastusan ng pera. Yong matatawag natin na disiplinado ay marahil ay may kaya yon sa buhay na wala silang paki kung magkano na presyo ng bitcoin sa ngayon dahil naka-hold lang naman sila.
Ang pagiging disiplinado ay hindi nakabase sa dami ng pera na meron ang isang tao. Mayaman o mahirap man maaari kang magkaroon nito, hindi kasi ito madedevelop sa isang araw lamang. Naniniwala ako na kahit sa trading applicable ito kasi walang strategy na may 100% win rate kaya upang kumita kailangang makapag-stick ka sa iyong plan. Totoo, na yung mga mayayamang tao ay parang sentimo nalang sa kanila ang kanilang ininvest kaya hindi sila masyadong apektado kapag bumaba ang presyo, pero hindi ito ibig sabihin na disiplinado sila, maaari pa ring maging greedy kung sakaling magkaroon sila ng matinding emosyon dito.

8
Philippines (Tagalog) / Re: Mempool Observer Topic
« on: Today at 04:06:28 AM »
Sa wakas bumalik na nga sa normal ang fee ng Bitcoin. Sa nakikita ko sa arc-20 at brc-20 tokens ay hindi na masyadong hype o wala masyadong activities. Kasi ito naman talaga ang dahilan kung bakit tumataas ang fee ng Bitcoin dahil dumadami ang transaction na kailangang i-process. Kaso posible rin namang bumalik paakyat ang presyo kasi madadala rin naman ni Bitcoin ibang mga token paakyat kasama na dyan ang arc-20 at brc-20 tokens.
Mabilis lang mawala hype ng mga tokens na yan kaya sila talaga ang dahilan bakit tumaas ang fees nitong nakaraan, ayaw ko pa rin magcelebrate na masyado ng mababa ang fees kasi posibleng tumaas ulit yan kapag pumalo ulit si btc pataas. Pero masaya naman na din ako na ganito kababa ang fees kumpara naman sa mga nakaraang fees na sosobrang taas at halos di na tayo makapagtransact ng maliit na halaga.
Totoo yan, lalo na yung mga token na umaasa lang talaga sa community. Sa ngayon ang fee ay nasa 12sat pero sa tingin ko possible pa ulit ito bumaba hanggang 9sat kasi konti lang naman ang transactions na kailangan iproseso. Yung mga taong may Bitcoin pa sa kanilang wallet na gustong magwithdraw sa mababa na fee, ito na talaga ang pinakamagandang pagkakataon. Huwag na hintayin pa na tumaas ulit ang presyo ni Bitcoin baka sasabay din ang fee. Mas mabuti ng ma-withdraw papuntang exchange ngayon para kung sakaling gusto mo ng ibenta Bitcoin mo, hindi ka na magbabayad ng processing fee.
Tama ka diyan, ganyan style ng mga gusto magbenta ng BTC kaso nga lang yung mga di tiwala, mas maganda pa rin maghold.
Ang ganda ng fees ngayon mga kabayan, magmula low priority hanggang high priority ay 10 sats/vB.
Mas pinipili ng iba na maghold kasi parang cents lang ang fee sa kanila kapag kumita na sila sa pag-akyat ng presyo ng Bitcoin. Kaya minabuti nilang manatiling maghold, at sa simula hold naman siguro for long term ang kanilang plano at hindi gagamitin ang pera na yun kasi may iba silang pinagkukunan ng pera araw-araw. Namangha nga ako sa Bitcoin ngayon kasi yung fee nya ay nanatiling stable kahit na umakyat yung presyo nito.

           -    Alam naman natin na yung pagkakaroon ng congestion sa network ni Bitcoin ay hindi naman pangmatagalan sa halip pansamantala lang, ang hindi lang maganda ay yung kapag kailangan na kailangan na natin na maglabas ng Bitcoin ay hindi na natin magagawa dahil sa sobrang mahal ng fee.

At yung iba naman ay sa halip na magsagawa ng transaction ay hindi na nila tinutuloy at mas ginugusto na nilang maghintay nalang sa pagbaba ulit ng normal fee ng sa bitcoin network.
Yeah totoo kabayan, kaya din tumataas ang fee dahil yung iba gumagamit ng RBF para taasan yung previous fee ng transaction nila maybe because importante yung transaction na yun for trading or personal use na ikacashout and actually nasubukan ko din yan pero for educational purposes yung ginawa ko at meron ding importanteng transaction dahil need ng emergency funds.
Totoo yan, maaaring magdulot ng congestion ang paggamit ng RBF lalo na kapag maraming transactions ang ginagamitan nito.  Mas tinataasan kasi ang fee para maging priority ito ng mga miners kaya ang nangyayari maiiwan yung mga transactions na mababa lang ang fee. Gumagamit din kasi ako ng RBF kapag hindi agad na process yung winithdraw ko tapos kinakailangan ko na.

9
We have to understand that the price of Bitcoin can be determined by its market capitalization and circulating supply. If ever there was a changes any of them will affect the price. If a company sell Bitcoin, let us say Microstrategy, it will make the price to decrease but the decrease of the price vary on how much the value of Bitcoin they are selling. Sometimes it's a domino effect, when one company sell Bitcoin and the other company saw it, they will also sell Bitcoin and going to reinvest in a lower price.
Yes, what you say is correct, but the topic mainly talks about the effect of selling stocks backed by Bitcoin and not about selling Bitcoin itself.

Personally, I do not expect that selling shares will have a significant material impact on the price, but of course it will have a significant psychological impact and may cause fud and people will start selling.

As for selling Bitcoin itself, it will not affect the market unless there is a sale of large quantities from several companies and not from one company, because the market value of Bitcoin is enormous and will not be affected by the sale of one company’s holdings.
In my opinion, there are some point that it would affect the price of Bitcoin but most of the time it won't. Just like what I've said, Bitcoin prices only affected when there's a changes in a circulating supply and marketcap. So if Bitcoin's price affected by selling Bitcoin backed shares, probably they are just afraid that the Bitcoin will be the next, especially if this thing always happened in the market. We can make a comparison to news into that.

10
Basic Questions about Cryptos / Re: BENEFITS OF CRYPTOCURRENCY?
« on: May 17, 2024, 07:18:28 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.
Yeah, in crypto we can make money in many ways. We can make money from investing, trading, and staking. Now, if we don't have money we can do crypto jobs such as community manage or any services that can really help to the success of a project. It's really better if you have a online skills because it's really useful. Honestly, I've been here in crypto since year 2016 and I started with nothing. And now, all my needs mostly came from here. I really benefit from crypto.

11
Have done this and not extending my time now because since I learn Hodling means completely ? i understand why I must not check my funds from time to time and yeah to try preventing checking the market mostly.
because sometimes this will bring you to change your decisioning because of those mistakes.
Indeed. The more we look at the chart, we can see things we didn't see before. As a result, you will change the entry price. But in reality, the first one is correct and the other one is a mistake because it's just your emotion who affects your mind. So it's better to avoid looking at the chart after we made an entry and just wait until you received a notification. Sometimes when we are new to trading, we are so excited for the result which will cause as to look at price movement from time to time. It's very dangerous to our trading journey, we should stop this kind of habit as soon as possible.

12
Basic Questions about Cryptos / Re: Are Bitcoins a good investment?
« on: May 17, 2024, 06:27:07 PM »
Quote
Re: Are Bitcoins a good investment?
Thread has been created 4 years ago, but there's still a question until now regarding Bitcoin being a good investment.
Hmmm, I think it will depend on your decisions. It depends on 2 scenarios.

1. If you risked your money and bought it during the bear market, in a few years, you will make your money hence, you will say that it's a good investment, right?
2. If you followed what some investors are doing which is getting FOMOed and will buy when the price of Bitcoin is already near its peak price, you might experience losses especially when the price goes down a few days to weeks after that hence, you will say that it's a bad investment.

At the end of the day, it will all depends to what we are doing. Some can say it's a good investment. Some will say it's a bad investment. It will depend on their decisions and their experiences.
That's right. But if you can only have enough patience to hold your Bitcoins until the price came back at your buying price after it went down then probably you can say it's still a good investment. It's because your money will be more valuable in a just a couple of years based on the history of Bitcoin. Some people only experience losses because they can't handle anymore the losses. So if you have enough knowledge in Bitcoin, knows how to analyze the market, then you can say that Bitcoin is a good investment. Not all coins can survive in the long run.

13
That's true, privacy is an issue in any centralized service. I don't remember whether it has been discussed on this topic or not, but I'm pretty sure some members seem to think that privacy is not a crucial issue for them. Maybe that's why some people happily suggest or claim that an exchange or closed-source wallet is a good option to store your crypto for the long term. I remember discussing it with other members but they don't seem convinced that privacy is a key factor in selecting which apps/services they use in the future.
When we say centralized exchange it was authorized by a government to run smoothly in a Country. We all know that government hates privacy, they really want to determine who is that person who have that big funds. They want to make sure that there are no fraudulent activities made by this person before they can withdraw. But that's not only the disadvantages of using centralized exchanges, you can't also own the private key meaning you can't fully own your account and they can do anything to your if they want to. So this is not a best place for holding an assets.

14
Philippines (Tagalog) / Re: Bitcoin Stocked sa 63k
« on: May 17, 2024, 05:40:13 PM »
looks like the card is flipping now because the market gives growth to bitcoin and I see how much this may climb in the coming days .
i am preventing myself to expect much but with this start up that we have been looking for this in the last couple of weeks?
i wanted to assume that we are nearing the run .
Wag lang masyado mag expect pero doon din talaga kasi papunta itong galaw ni BTC. Aware naman na tayo na kapag bull run pataas talaga siya. Baka makalipas ang ilang linggo ay balik na ito sa $70k kaya antay antay lang. Kung hindi naman nagmamadali ay hold lang.

As I'm posting this ang Bitcoin ay nasa $65 na at mukhang ito na ang pagsimula ng pagtaas hindi ko iniexpecxt na biglaan ang pagtaas ng Bitcoin, unless may extra ordinary news tayong ma receive na mag pupush ng mabilisang pagtaas ng Bitcoin pero sa ngayun everything is gradual sa pagtaas ng Bitcoin at ok naman ako dito naniniwala ako na nasa bull run na tayo.

      -   Kung titignan mo yung chart price ngayon ni Bitcoin makikita natin na medyo mahaba pa ang tatakbuhin ng consolidation nito magaakyat baba lang ang price nito sa pagitan ng 74k$ to 56k$ something yung price nito.

Kakatapos palang kasi last month yung halving kaya naman medyo fresh pa yung halving na natapos, kaya ang tanging magagawa lang natin sa ngayon ay daily trade or dca method sa bitcoin ganun lang, ito lang yung nakikita ko na pwedeng nating gawin at hindi natin kailangan na ipressure yung sarili natin.


Base sa chart na pinakita mo, hindi ko masabing sideways talaga sya kasi kung gumagamit ka ng market structure sa daily tf ay downtrend ang makikita natin at kasalukuyang ginagawa nya nagpupullback sa around $70k para magpatuloy sa pagbaba ang presyo. Weekly tf naman ay makikita nating nirerespeto nya ang imbalance kasi hindi nagkoclose ang candlesticks sa loob nito. 

15
Philippines (Tagalog) / Re: Bitcoin Stocked sa 63k
« on: May 17, 2024, 01:47:19 PM »
looks like the card is flipping now because the market gives growth to bitcoin and I see how much this may climb in the coming days .
i am preventing myself to expect much but with this start up that we have been looking for this in the last couple of weeks?
i wanted to assume that we are nearing the run .
Wag lang masyado mag expect pero doon din talaga kasi papunta itong galaw ni BTC. Aware naman na tayo na kapag bull run pataas talaga siya. Baka makalipas ang ilang linggo ay balik na ito sa $70k kaya antay antay lang. Kung hindi naman nagmamadali ay hold lang.

As I'm posting this ang Bitcoin ay nasa $65 na at mukhang ito na ang pagsimula ng pagtaas hindi ko iniexpecxt na biglaan ang pagtaas ng Bitcoin, unless may extra ordinary news tayong ma receive na mag pupush ng mabilisang pagtaas ng Bitcoin pero sa ngayun everything is gradual sa pagtaas ng Bitcoin at ok naman ako dito naniniwala ako na nasa bull run na tayo.
and yeah it  is 66k now  https://coinmarketcap.com/currencies/bitcoin/  and if this continued to break 70k then this is what we can completely call the bullrun though we have seen this couple of times but I think this time this will be the moment to hit at least 80k.
Yeah, there's an upward momentum of Bitcoin in the past days and everyone is hoping that this would be the bull run we've been waiting for. In my opinion, when the candlesticks in the weekly time frame closes above in $74, this would be the bull run. Because the $70k price of Bitcoin for me can be a pull back in a daily time frame before it goes down. So there's two possible scenario I can see in the market right now.

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