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Messages - Uruhara

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541
Cryptocurrency discussions / Re: Buy on dip
« on: January 12, 2024, 02:59:49 AM »
Quote from: owmivmen on January 03, 2024, 07:22:05 PM
The market is experiencing a correction right now and making people panic. Do I buy in this condition? Of course but I don't use all my money to buy. I use the DCA strategy and only a few coins I invest. Just a suggestion, don't use all your money during a bear market.
Last night Bitcoin increased to reach a price of 49k USD. But that didn't last long and the price dropped back to 46k usd. And I don't know whether the price will continue to fall to lower levels or not. But what is clear is that I will start adding back bitcoin purchases when the price correction is deeper. But if prices rise again quickly then I think it would be better to hold back first.

542
Cryptocurrency discussions / Re: Does supply matter to you?
« on: January 12, 2024, 02:30:46 AM »
Quote from: vs2014 on January 11, 2024, 02:09:43 PM
In fact, a project enters the crypto market with a different token supply. So how important is more or less supply to you? What do you think if there is more supply the token price of the project may be lower. But you should know that a project becomes stronger with more supply and now there are many top altcoins that have more supply.
The amount of supply an altcoin has is actually not that important in my opinion. But what must be taken into consideration is whether there is circulating supply and what percentage of the total and max supply is in circulation. The method of vesting and distribution is also very important. So the most important thing is the governance itself and the time period required for distribution or vesting.

So whether a lot or a little supply is actually not that much of a problem.

543
Cryptocurrency discussions / Re: How Much % Profit did You Get from IEO on Binance??
« on: January 12, 2024, 02:11:55 AM »
I once joined but to be honest it didn't produce much profit at all. I don't even know what percentage I get every time I join Launchpool or something like that on Binance. Because profits are always too low. So I haven't followed him for a long time. Because those who benefit are definitely those who have the largest capital who own large amounts of BNB. Meanwhile, those who have a little BNB would be better off just trading and taking advantage of the BNB which rose when Binance held Launchpool.

544
Bitcoin Forum / Re: Don't buy bitcoin only because of FOMO
« on: January 11, 2024, 04:04:03 PM »
Quote from: 0t3p0t on January 11, 2024, 09:22:44 AM
No doubt an advantage for early adoptors and investors but for the sake of buying nowadays, I think it does not matter if you bought at a specific price or not but what's important here is you got Bitcoin and possibly will reap profits in the future if price goes up. Please donot FOMO just accumulate as much as you can using DCA.
Yes, it's true that the important thing is that we don't have FOMO when accumulating. Accumulate slowly with cold money and with the method most widely used by long-term investors, namely DCA. And today the price of bitcoin has touched 49k and maybe it will be higher next week. And for those who have been doing DCA since prices were still not high, today everyone can smile broadly. But for those who are still in the accumulation stage. So do it with more careful consideration and don't use hot money because this will only make us uneasy while holding the bitcoins that we have bought. only use money that is ready if you have to lose so that we remain calm wherever the price goes. And the bullrun has actually just started so there are still lots of opportunities and corrections will definitely occur so just be patient. But don't expect a big correction in the bull run market. Only small corrections are possible. Dwyor

545
Cryptocurrency discussions / Re: Is it risky to invest in new crytpo coin/tokens???
« on: January 11, 2024, 03:36:18 PM »
Quote from: ultrloa on January 06, 2024, 02:52:09 PM
Quote from: Uruhara on January 06, 2024, 02:08:25 PM
It is true that an altcoin that has been around for a long time can be a more trustworthy altcoin. Especially if they have built an ecosystem very well. Although some new altcoins also have high potential, it would be better if we were careful and did not invest large amounts of money in new altcoins. Unless we already know that there is a large company supporting this new project. So projects that have strong fundamentals should not fall easily. I prefer to choose layer 1 or 2 altcoin projects. Because the growth of their projects can be seen clearly through the ecosystem they have successfully built.

Actually not all since there are also coins that need to watch since whatever how reputable coin they are still there are one of them will fall. Don't forget about what happen to LUNA.

That coin is supposed to be a good coin but it liquidate a lot of people, that's why if we have holdings even if we pick those top coins we still need to be more watchful on current even so that we will not get liquidated by their devs and can take counter action if the same said event will happen.
Absolutely true and that is the risk of investing in altcoins. Even coins ranked in the top 10 of CMC can fall and harm many people. As happened with LUNA. But at least incidents similar to LUNA are quite rare. This is different from what happens with new altcoins, whether they are shitcoins or the like, where fraud and projects being abandoned or token liquidity being withdrawn by devs have happened very often. So in essence, risk will always exist in crypto. Whether it's in an old or new project. It's just that the risks in new projects are greater when compared with old projects that have been running for a long time, such as those currently ranked in the top 10 of CMC.

So in altcoins we must always use money that we are prepared to lose.

546
Cryptocurrency Trading / Re: Volatile Coins
« on: January 11, 2024, 03:14:34 PM »
Quote from: gulu_khan on January 11, 2024, 01:49:50 PM
Trading volatile coins for daily profits can be risky. Sol, Cake, and Avax are currently considered volatile and relatively safe, but it's crucial to conduct detailed analysis and understand support and resistance. Daily trading demands expertise, so approach with caution and only trade what you can afford to lose.
I agree with you. Apart from that, daily trading also requires truly mature technical analysis. Because without technical analysis, daily trading will not bring good profits. In fact, daily trading has a greater level of risk because it is related to the trader's own emotions and mentality in his activities in the market. So choosing coins that are safe enough can minimize risks. However, the determination of entry and exit positions must be truly understood through thorough technical analysis. For the Avax coin, I personally prefer it as a medium-term investment. But everyone definitely has their own choice based on their experience in the market.

547
Cryptocurrency Trading / Re: Do professional traders lose money?
« on: January 11, 2024, 02:58:31 PM »
Quote from: damsix on January 11, 2024, 09:26:29 AM
It is also certain that those who are professionals in trading will experience losses, because there are two possibilities that result from trading, namely profit and loss.
I've also seen on various Telegram channels that Future trading likes to mention that it can get up to hundreds of millions of USD in liquid.
The hundreds of millions of USD that were liquidated were a combination of all the traders, now this is proof that professional traders like them also experienced losses.

Unfortunately, I forgot which Telegram channel provides information about Liquid from future trading, maybe later if I find it I will add the information to this thread.
It is true that even a professional will still have occasional losses in his trading. It's just that they have risk management that they have mastered. So they usually manage their capital with a very mature MM. So when they have a position that is liquidated it is actually only a few percent of their total capital.

So what differentiates pros and beginners is only in terms of experience and discipline. Apart from that it's the same. sometimes they profit and sometimes they lose.

I monitor traders' positions on Binance that are liquidated via this Telegram channel. Maybe the same as yours.
Binance Future Liquidations


548
Cryptocurrency Trading / Re: HODLing Altcoins
« on: January 11, 2024, 02:49:02 PM »
Quote from: Evgenklm on January 11, 2024, 01:57:39 PM
HODLing has always been a safer strategic option, especially when the market is on a downturn. While with Bitcoin, I believe it's essential to choose a long-term perspective, selecting altcoins can be challenging. Personally, I prefer established projects like Solana and Ethereum for more extended HODLing, possibly up to ten years.
Choosing a project that is already established and has clear fundamentals should be a priority if it is for the long term. Because choosing a new altcoin whose potential has not yet been seen is much riskier. Unless it is for the medium or short term.

Hodling Btc is indeed the most comfortable to do, especially if you are accumulating using the DCA strategy since the bearish market occurred. So that when the bull run market comes, we can see our portfolio growth being very positive. Likewise in altcoins the DCA method can be done like in Ethereum etc.

549
Cryptocurrency discussions / Re: What altcoins are best for the next halving season?
« on: January 10, 2024, 03:15:41 PM »
Quote from: bitterguy28 on January 06, 2024, 01:39:07 PM
We are nearing Halving Bitcoin , there are so much to expect in the season so what are the altcoins that you are holding or at least planning to purchase before the that Bull season happens?

I have 5 altcoins in my folio now of course majority is from bitcoin .

what about yours? is there anything that you can share for others to look at? because maybe its best for us all to share for the coming season.
I own several altcoins in several categories. Like the layer 1 category Altcoins that I hold are Avax and ETH and others. and Layer 2 I hold Arbitrum and Matic. And my Ai category holds Agix and a few others. Basically I spread my capital across several altcoin categories. Because I don't know for sure which one will be the most hyped in the bull run market after the bitcoin halving. So diversification is needed in this case. Recently I also became interested in XLM.

550
Basic Questions about Cryptos / Re: starting a new project investment for beginners
« on: January 10, 2024, 03:05:57 PM »
Quote from: ariaryanto on December 28, 2023, 10:10:37 PM
Now there are lots of new projects and they make promises to investors so that the project progresses, after the project progresses and the coins are sold until they reach the target, then the project party runs away and abandons its customers, causing harm to many people..
In my opinion, if we want to invest safely we need a lot of knowledge and we have to be careful about the projects we want to invest in.
What advice do you have for beginners who want to invest?
New projects that have such great potential are usually more of the layer 1 or layer 2 category projects. They usually have a large amount of funds that they have collected from large investors who support the project from behind. Usually potential projects like to hold testnets or airdrops to build their community initially and once their project is ready to launch then they will immediately list it on many large Cex.

But there are also many crypto token projects on various networks such as the BNB, ETH, Polygon and Sol networks which always appear non-stop. In fact, maybe almost every day a new project like that appears. They're having a presale or private sale or something like that. Some of these projects are progressing according to the roadmap but most are just made to be pumped and dumped. In fact, there are also projects that don't run at all after the presale is finished. I avoid such small projects and prefer to follow large projects which are usually also supported by large investors.

551
Basic Questions about Cryptos / Re: Suggestions on altcoin with low transaction fees?
« on: January 10, 2024, 02:52:08 PM »
Quote from: Tribalchief on December 26, 2023, 03:09:46 AM
There have been slight increases in Bitcoin transaction fees recently. Ethereum has consistently experienced similar issue, which doesn't make much of a difference. I would like to know about other altcoins with low transaction fees.
Many layer 1 and layer 2 altcoins have low transaction fees. Such as Tron Network, Waves, Celo, Avax, Arbitrum, Polygon and many more. Even those that are still in the same ecosystem as Bitcoin, such as BCH, also have low transaction fees. But that's in delivery between wallets. But for deliveries between Cex, I am most comfortable with Tron. Because the fees for almost all Cex are always the same if you use Tron, which is around 1 trx.

552
News related to Crypto / Re: New Crypto Tax Law Takes Effect in US: Transactions of $10,000 or More Must Be R
« on: January 10, 2024, 02:33:12 PM »
Quote from: sirty143 on January 08, 2024, 05:21:20 AM
New Crypto Tax Law Takes Effect in US: Transactions of $10,000 or More Must Be Reported to IRS Within 15 Days


A new tax reporting law has entered into force in the U.S. Starting on Jan. 1, all Americans receiving $10,000 or more in crypto in the course of their trade or business must file a report with the Internal Revenue Service (IRS) within 15 days... See more for yourself here.

Your opinion is greatly appreciated.
Increasingly clear regulations regarding crypto and its taxes in a country should actually be welcomed. Because this also proves that the country has allowed its citizens to get involved in crypto and crypto has been recognized as part commodity asset and part security.

In Indonesia, crypto taxes have been determined because several crypto assets listed here have been designated as commodity assets here. Fortunately, the Exchange has automatically deducted taxes for its users. Because Cex has collaborated with the government. And I also heard that large transactions also require reporting as soon as possible. So it's not surprising that it's the same in the US. And I think there will be many other countries that will also do the same thing in crypto regulation.

553
Cryptocurrency Trading / Re: HODLing Altcoins
« on: January 10, 2024, 01:58:51 PM »
Quote from: Amphenomenon on January 09, 2024, 03:31:22 PM

I know there are other altcoins worth HODLing but I guess my knowledge is quite vague about investing and HODLing altcoins and so I will like to ask the questions.
  • How do you know an altcoin will be good for HODLing?
  • How many years if surety do you have in HODLing altcoins and which altcoins are you currently HODLing?
First, I will choose an altcoin to hold based on the background of the owner and creator of the altcoin and based on the partners and large investors who are behind the project that I hold. And most importantly, we can see positive ecosystem development in the altcoin project that we held at that time. Examples of altcoins that I hold are layer 1 (ETH, AVAX and others) and AI category Altcoins (AGIX and others).

I'll probably hold onto the altcoins I've accumulated until the bullrun really gets very high. That is, when people start FOMO, that's when maybe I will sell the altcoins that I have collected.

554
Cryptocurrency Trading / Re: Investing or Speculating?
« on: January 08, 2024, 04:24:08 PM »
Quote from: Peter90 on November 04, 2023, 06:52:49 PM
Saving... Investing... Speculating... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Everything is actually interrelated. As in real investing, when we know there is always potential and risk, that is where we will start speculating about which direction the project we are analyzing will go. Towards good or bad potential. And even though we make analyzes such as fundamental analysis, in the end we still speculate when taking action. Likewise in trading. But what makes the difference is whether we speculate without careful analysis or whether we speculate after carrying out careful analysis. Speculating without analysis and relying only on luck can be called climbing gambling. Meanwhile, speculating after considering the results of careful analysis is not gambling but can be included in trading or investment. Well, the level may be the difference in this case.

555
Cryptocurrency Trading / Re: Diversification as a Strategy
« on: January 08, 2024, 04:17:58 PM »
Quote from: R100K-Martin-Lunger on November 07, 2023, 07:55:43 PM

Overall, I believe that diversification is essential for any successful cryptocurrency investor. By diversifying your portfolio, you can reduce your risk and increase your chances of success in the long term.
What are your thoughts on diversification in cryptocurrency investing? Do you have any other tips for investors?
Diversification is very important. Not only in investment but also in crypto trading. I also do diversification in crypto investments. Like dividing capital for investing in crypto into several parts. And I personally divide it into investing in bitcoin partly and investing in altcoins partly. And in altcoin investment, I also divide it according to the altcoin category that I enter. Like I hold several altcoins in the AI ​​category and I also hold several altcoins in the layer 1 and 2 categories. And I also set aside a small portion for speculative investments such as meme coins. This makes me calmer in investing.

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