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Messages - doc

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1
Banks can only stop you from buying and selling crypto but once you already have it, they can't stop you from making transactions and crypto payments using it.

It is a well known fact.

People can still be cautions about involving their bank into any crypto transactions, but once you're on the Internet, you've got nothing to fear.
In general, banks in "crypto-unfriendly" countries may freeze all fiat transactions of users related to crypto, for example, information attached to transactions such as "buy BTC". Users may even face more trouble when their accounts are frozen and investigated for money laundering or using crypto to make payments instead of fiat.

In such countries, for example Vietnam, holders can sell crypto for fiat through P2P, OTC, and then use fiat to pay bills. Directly using crypto for payment is considered illegal. In many other countries, people can access crypto payment methods, but in essence, their crypto is sold through a third-party service for fiat and then paid with fiat, the seller will receive fiat instead of crypto.
Actually, I also see why there are still countries that prohibit crypto, even though in several countries the government has started to legalize crypto for investment. The government of the country that prohibits its citizens from investing in crypto should learn more and deepen their knowledge about crypto,
The state must always be present for its people. Actually why are there still countries that don't accept crypto? Of course there is a reason and those who know, because all authority lies with the government that determines it, there may not be any regulations that can regulate the existence of crypto, so they have to be careful. Indeed, in the future, everyone will not be able to avoid advances in crypto-technology.
As long as it is not permitted, it is not good to go against the rules set by the government, because at any time you could be caught too.
But in reality, even if it is prohibited, residents are still looking for ways to do it.  Because I don't think this is a criminal act because it's just investing in crypto.  As good citizens we are obliged to obey these rules, but we also have to find a reasonable reason why crypto is not permitted in a country.  Because many other countries whose governments have allowed their citizens to invest in crypto

2
Chainlink Forum / Re: Is LINK going to a $100?
« on: Today at 11:15:22 AM »
Many people estimate prices based on the total supply of the coin, but even this is not accurate. When the coin is first launched, the price will be low, after there are lots of people interested, the price of the coin will become expensive. LINK is currently $20, possibly rising to $100 while the bull season is still possible, and that makes sense.
The number of people interested depends on the development of the product they have. When LINK has good enough development, the price will increase as it is now. In essence, when we find new tokens that are created, we have to research what the project being developed will be like and how many people are interested. So with an investment of $100 you will get a lot of profit.
Yes, if the project is good and has many benefits, I think there will be many users.  I think LINK is quite popular and has many holders.  I also still have LINK in my wallet and plan to sell it during the bullish season.  Maybe $100 is very high right now, but it's possible.  Honestly, I won't target $100, maybe if I touch $40-50 I'll get enough profit.

3
Cryptocurrency Trading / Re: Don't be in a Rush
« on: Today at 10:33:55 AM »

It's true, we shouldn't be lazy in analyzing, because usually when analyzing it takes time, and if we are not patient enough in analyzing it then it will result in something that is not good for us.

Indeed, I will not deny that I also sometimes feel bored because I have to analyze the market and it takes a long time. But if we can control all of that, then it can be said that we have succeeded in fighting something bad within us.

I do analysis when I have free time, this really takes time and focus.  Maybe some who are busy in the real world, are lazy to carry out analysis, they choose to buy safe coins such as bitcoin for long-term holding.  And beginners who don't do analysis, just read hype news, usually prefer hype coins, with weak fundamentals.  This is the wrong investment process, because the risk is big and we can lose our money.

4
The limited supply is enough reason for investors to know that the value would be increasing in the near future. A big thanks to Satoshi Nakamoto for this innovative invention.
It is true, logically, limited quantities should cause prices to become more expensive, but the main condition is that demand must always increase. If demand decreases, then this will actually create the opposite price movement which will actually lead us to a bearish moment. If we look further, the price of ETH is not much different from the price of BTC regarding its movements, ups and downs and also demand, but what needs to be underlined is that ETH has no limit to supply, so in my opinion the limited amount of Bitcoin becomes very special if only the demand constantly rising, so there will be no bearish market, only correction.
You are right, the main factor in price increases is demand.  If demand increases, prices will increase.  Even though there is a limited limit, if demand decreases it will cause a decrease in prices.  The price of bitcoin will increase if demand increases and of course this is also influenced by negative issues.  If there is good news, demand will increase.  That's why most people hope that there won't be bad news.

5
It's hard to be a diamond hand, but will try for four years to hold it. :D

I believe most of them are selling BTC because they are short of cash and they think when the price drops it is better to sell at a 20% loss than to lose more later.

There are still some people who are more concerned with investing without thinking about how emergency funds should be prepared.
Hodling bitcoin for four years is not an easy journey to say, when you don't have a job or something doing to back yourself up financially, not sell your bitcoin for a loss price.

The majority have planned to hodl their bitcoin for up to four years, but the lack of saving up on rainy days made them sell so that they won't get wet on those days it rains. Forgetting that after it rains, it dries up for one to have a smooth journey toward their bitcoin investment. However, one should get prepared on rainy days on time, than hitting on it by surprise
If you have a target of holding bitcoin for 4 years, you should use free funds, not be distracted by needs.  And we must have a fixed income that can cover our living needs.  Because long-term holding is not easy, because it takes a long time.  I agree with you, don't let us sell our bitcoin at a loss because of necessity.

6
Cryptocurrency Trading / Re: Fear or greed
« on: Today at 06:12:13 AM »
Yes, before we invest, it's best to do research first and really make sure that the project is not a scam, because this is a matter of money. We have to be careful so that we don't lose our money. Many experience losses due to lack of experience and not doing research before investing.

Some individuals say that making research is time consuming but I think if you are losing money due to investment in a scam project, it is better to use your previous time instead of losing your previous amount.

They don't research because they want to earn quickly but they forget that without doing research they will gamble with their previous amounts and only experienced traders are familiar with this fact while newbies are considering research as useless things.
You are right that we should take the time to do research.  Because if you only rely on luck without research you will only experience loss.  Unless you choose a Koon coin that already has a reputation and is quite well known in the top 10 coins.   Moreover, for new coins / tokens, it is very risky if you don't do research first before investing.

7
Even though I am free to carry out crypto transactions, I am more comfortable doing p2p transactions where I think it is easier to transact to the destination, such as if I need an ETH base, just pay with my country's money without having to exchange it for USDT first.

but for your country, like it or not, you have to exchange it for USDT first before you can buy the BTC you want,
If you like P2P, that's good for you, we can also exchange USD on our country's local wallet exchange. Kadi, I don't think that's a problem.  I read that some countries don't allow their citizens to make crypto transactions, that's a problem for crypto lovers and those who want to invest in crypto.  When the service is not provided in our country, we can try using another country's VPN, but I have never done this.  Because it's allowed in my country.

8
Cryptocurrency Trading / Re: Trading is not same thing as Gambling
« on: May 30, 2024, 01:31:24 PM »
Yes. I agree with you that trading requires skills but not all trading is just trading that is something else. If we talk about binary trading, it's pure gambling. You just rely on your luck and you cannot do anything else except wait for it to get closed. When we rely on luck only, this is gambling. Future trading is gambling as well, but you could still say that future trading requires skills and a trader has to do a lot of research before they open the position. I guess the reason behind people call it gambling is because of binary trading.
Binary trading is the same with gambling pure of luckiness when putting our order, but in trading is difference including skill and knowledge will get bigger profitable to earn than gambling just depend on luckiness with our capital loss if wrong prediction. In trading indeed little mistake with prediction some coins we still has chance waiting price recovery and earn much profitable later.
I think Binary trading must removed their trading words because its not like as trading usually, binary pure of luckiness depend and the same with gambling way.
I can attest that Binary options type of trading could really be considered to be gambling, although you could really be able to apply some analysis considering that you are really that making some trading on which it would really be just that normal that you would really be making yourself that applying analysis on which it cause up for you to have that increased chance on making some good trading but since binary options are really that involved with few seconds or even just a minute trade then this is something that you cant really be able to draw any technical analysis or even be able to apply any fuindamentals and this is why i cant be considered to be gambling and pretty sure that majority will really be having that impressions too.
I think I agree with you, Binary options type of trading seems a gamble.   Maybe we can't make truly accurate analysis and many people say it's like gambling that relies on luck... What type of analysis do we want to use?  It doesn't seem to have much of an effect there.  I'm not a professional trader, just a holder who has learned a little about trading.

9
Cryptocurrency Trading / Re: Hold and trade which is best for you?
« on: May 30, 2024, 01:21:39 PM »

It would really be that according into your situation because non all would really be having that enough money that they could really be able to buy up huge sums of coins and holding up for long  term. We do know that you could be only be able to feel up the profits on the moment that you do find yourself or accumulate yourself tons of coins but if its just small then you cant really be able to feel at all. This is why they would really be deciding that they would really be making up some active trades and would really be that trying out to make profits in a short time period.
Yes, its possible but its not something simple on which you could really be able to get i directly.

Yes, I also trade to make a profit and from that profit I use it to increase my crypto assets, because as you said, not everyone can buy assets in large amounts.  I collected a few rewards from bounties and airdrops from 8 years ago until now.  And currently I am also focusing on trading to get daily profits.

10
Solana Forum / Re: Is Solana coin a good investment?
« on: May 30, 2024, 12:19:10 PM »
We should choose a reputable exchange, because an exchange whose reputation is not clear will make us lose our money. Currently I only use Binance, Kucoin and Lbank for trading, because I am more suitable and have higher confidence than other exchanges.
When you talked about Lbank I immediately saw it on coinGecko it turns out that Lbank is in 27th place If I may know why you chose Lbank while there are still many better markets such as OKX, BYBIT and Coinbase
Binance and Kucoin still a good and reputable exchange but i am not agree with Lbank. this exchange is not much reputable yet. Tokens listed on LBank have a low liquidity onel due to which large amounts of tokens or coins cannot be sold simultaneously at a stable price. Binance is currently the largest and most reputable exchange platform.
Yes I also have the same thoughts binance, kucoin, OKX, Bybit, Coinbase .  But it all depends on their preferences which exchange they choose, currently the ones with good reputations are Binance and Kucoin.  LBank's liquidity  is very low, but maybe he likes trading there more.

11
That is what is called experience, of course in gaining experience we will experience several losses so that we understand mistakes and will not repeat the same mistakes again. From the bitter experiences that have occurred in our lives, we will become more careful.

An ease comes after hardship therefore if you are not getting profit at start then make it sure that you have learned something better from your mistakes so after a long term struggles you will definitely be a better trader in future.

We are witnessing that many individuals are experts in the crypto field but these were not experts by birth but have faced many challenges but did not give up and now they are teaching others according to their experience that nothing is impossible.
You are right, those who are now experts used to face many challenges and of course experienced losses but they did not give up and continued to learn from their mistakes until they had a lot of experience and became professionals.  We can learn from them if they are willing to share their experiences and knowledge about crypto and trading strategies.

12
Bitcoin Forum / Re: Is Bitcoin legal?
« on: May 30, 2024, 11:49:42 AM »
To be honest, I still don't see any reason why a government of any country should still be fighting against Bitcoin after all the evidence Bitcoin has shown to act as a support to the economy. Today El Salvador is benefiting from their acceptance of Bitcoin as a legal tender, other countries and nations should learn from them, and see how Bitcoin has help to boost their economy. I believe selfishness is among the reason why most government still fight Bitcoin in its nation.

Maybe because the government wants to maintain its FIAT, which is the reason why they don't legalize bitcoin as a payment method like El Salvador.  Or maybe for security reasons where bitcoin is afraid that the government cannot control it.  I also haven't found a reasonable reason why it hasn't been permitted.  But rest assured that no one will be able to oppose technological progress, in the end they will accept it.

13
Ethereum Forum / Re: Will we really see an Ethereum ETF?
« on: May 29, 2024, 03:27:33 PM »
Be careful because in my opinion there will be a sell the news on the day of approval
a bit like what happened with everyone and everything, just to understand how it happened with the other ETFs
so if you want to speculate, the right time to sell is as soon as there is news on the approval

The ethereum ETF has been approved, dude.  But we have not seen ethereum have a good movement, I am also waiting for the news.  If someone wants to manipulate to sell ethereum, I plan to buy it according to my ability, because I have prepared USD for this.  Learn from previous experiences, when bitcoin ETFs were approved.

14
Yes, it's true now don't expect too much from any coin so as not to experience disappointment when what we expect is not as expected, I consider this TRX is a coin that really takes a long time even very long but the movement of TRX even though it is very slow but definite.
Justin Sun once dealt with the SEC because of allegations of TRX price manipulation, then there were rumors that he was leaving TRX, and several other things that made some parties worried and distrustful of TRX. Ah, I don't know, actually the price of TRX from the last bullish era couldn't reach ATH as quickly as other altcoins, right? This is similar to XLM which is very difficult to make significant improvements. So, as long as TRX can survive on the market, that's enough to be grateful for. Even since it was created, TRX's ATH was only $0.3, so it's very difficult to get above that again I think.
I think so too the price movement of the two coins is very slow it seems to be true that you said TRX has lost trust and xlm maybe because the ecosystem is very small and only a few people are interested in this coin but these two coins can be said to be legendary coins when viewed from their age
Honestly, I still use TRX for transactions, apart from using Binance Smart Chain and Solana.  But my XLM doesn't use it.  They are old coins that have started to fade, perhaps because the dev team is not trying to improvise their projects to compete with other networks.  Let's see if you have any good news about these two coins.

15
Basic Questions about Cryptos / Re: Invest or bounty?
« on: May 29, 2024, 03:05:23 PM »
No one wants to join the bounty of scam projects. People usually know it as a scam project when the bounty is over already. Many new projects look very convincing when they are in the promotion period such as launching the bounty program. But when the promotion program is over, the project can disappear. People just realize it is scam, after the project is no longer active.

Yes, it just wastes time and effort to join the bounty of scam projects. We sometimes already do a research, but it is still difficult to determine the scam projects.
Its bad viewed of bounties campaign, first time launching seems promising and after campaign ended the team make delay payment until not respond yet will paid or not. I think for bounty campaign need to get escrow payment way for guarantee payment distributing after campaign ended, but the success of bounty campaign depend on their project sold out at pre sale or not behind most of scam bounty not get funding raise and difficult to pay bounty participants.
I think for bounty campaign participants need to find unique way how to make the bounty project success on pre sale and get opportunity with bounty receiving the payment.
It seems that the current bounties are no longer attractive, except for BTC paid bounties which are paid weekly.  I am still participating in this bounty.  In the past, many bounties were scams and we know that after the end of the bounty they were not paid.  It was very disappointing and a waste of our time.  Maybe we can switch to airdrop, it looks like it's starting to get busy right now.

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