Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - bayu7adi

Pages: [1] 2 3 ... 45

Cryptocurrency discussions / Re: Can a referral program enlighten newbies

« on: May 31, 2024, 08:49:50 AM »

Quote from: robelneo on May 30, 2024, 01:42:08 PM

The referral program has its positive and negative downsides;
The positive side is your upline can guide and lead you and help you to become a leader yourself so you can become a referring person too because some referral programs have team rewards as well as the leaders in the higher-up are training their downline

I think that is still within reasonable limits, because everyone who teaches others is entitled to compensation so that they remain enthusiastic about teaching other people too. The referral system is still very popular today, in fact I still consider it effective for several business models, especially online businesses including the cryptocurrency space. Someone who is an expert in getting new users through their referral link certainly has a big influence and also has the skills that are really needed by several online companies today.

Newbie and referral programs are the easiest and low cost way to make a product even more famous. Even a newbie who has good skills will definitely be helped by the bonuses he gets from these referrals.

Cryptocurrency discussions / Re: What are some best platforms to submit ICO?

« on: May 31, 2024, 08:38:33 AM »

I think nowadays many developers prefer launchpad to sell their initial tokens. They carry the Binance name which is predicted to be their insurance when the sales period is over, there will be a big possibility for them to list the related coins on Binance. This method is a little more interesting than ICO, because at least investors can sell their tokens back after buying, which means there is the potential for them to make a profit when Binance starts listing the related coins.

If you are still curious about the mechanism, just explore the launchpad further.

Cryptocurrency discussions / Re: Are you buying now?

« on: May 31, 2024, 08:34:48 AM »

Quote from: Kemarit on May 29, 2024, 12:51:18 AM

I think that is already a given fact, that's why you are in the market because you have studied it and could be here for a long time already and so you know the dynamics and how volatility it is, but still your remain calm during those times that the market is down and they could be buying and accumulating as this is a known practice by everyone.

As for the plan, for me it's just two: either you are a long term investor, or you do short term and become a trade. So each one has it's pros and cons, and so it depends on how the individual will become as a investor in this market.

That's right, I agree with you that long-term investors will usually look at prices based on a longer time frame, so price corrections or price movements that are still within support and resistance levels are not big enough to have an impact. Long-term investors will buy if they see that the future of the related coin will be very good and capable of flying to the moon when the bullish moment arrives.

Meanwhile, short-term investors are more likely to pay attention to details regarding price movements in real time. They always take advantage of candlestick movements so the time frame is lower. And also buy and sell decisions cannot be made right now, because maybe they see potential prices that are not appropriate by carrying out analysis.

Bitcoin Forum / Re: What Happened To Bitcoin?

« on: May 31, 2024, 08:25:38 AM »

Quote from: Jamal Aezaz on May 31, 2024, 07:19:19 AM

Whales are continuously putting effects on the market price but only wise people will not change their mind according to the situations created by the whales while many others will panic sell due to which market will go more down and down. But this dump will not be the end of the crypto market but whales will again take advantage of such a dump and will make purchases on a huge scale.

There is no other way during dumping to wait more because only patience can make you able to reach the higher worth achievement again but if you have no control over your anger and Greed then nobody can help you to take your advantage.

As a retail investor, I agree with you. We will never be able to follow the movements of whales to manipulate the market for their benefit. All we can do is probably just wait for every bullish moment to come, or a price bounce to come. As long as we do not have control of the market, then never make decisions as if the market is in our control. It's better to wait and see when the bear market comes. FOMO always causes harm to most people.

Bitcoin Forum / Re: Why do people panic and sell their bitcoin when it falls in value?

« on: May 31, 2024, 08:03:30 AM »

Quote from: doc on May 31, 2024, 07:53:25 AM

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.

Maybe your intention is to ensure that every living need, including urgent needs, can be covered with FIAT money in savings, and the amount of money allocated for BTC should be free money. To be able to do this, rich people can usually allocate a lot of money, while poor people can only allocate a very small amount. Even if the BTC price experiences a 100% increase, the poor person gets very little profit.

The solution to all this is DCA.. consider BTC as savings that must be set aside every month or every week. Accumulating it within 4 years, is the ideal time, where the average halving period will last for 4 years and that has the potential to provide a big bullish moment at least once to gain profit at the right time.

Bitcoin Forum / Re: Bitcoin: The Most Beautiful Currency in the World

« on: May 31, 2024, 07:56:47 AM »

Quote from: Makus on May 29, 2024, 06:20:52 PM

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.

Bitcoin Forum / Re: Don't buy bitcoin only because of FOMO

« on: May 30, 2024, 10:51:22 AM »

Quote from: LUCKMCFLY on May 30, 2024, 01:40:13 AM

Many buy when bitcoin is bullish and is going up and up, I don't say anything, because the people in the world in use mostly get the emotions, they are not able to compare when it is at a much lower price, they buy high because They expect their investment to go up a lot, or rather they expect it to go up too much and that doesn't work that way, it may work for them, but the chances are slim, I would say that it is always better to buy with the DCA method which is one of the things that proliferate for good in the future and you will always have bitcoin available.

Actually, I don't really care what price they buy at, because I'm sure everyone has their own strategy according to their own analysis and research. When you think the price is high, they might still think it is low. Everyone's point of view in setting Bitcoin price levels is different, and this cannot be denied.

Instead of focusing too much on people's decisions, why don't you focus on the next step you want to take. Soon a bullish moment should come, and I'm sure everyone has their own plans to welcome that moment.

Cryptocurrency discussions / Re: Which token will Elon Musk integrate into X?

« on: May 30, 2024, 10:34:49 AM »

Quote from: Captain Corporate on May 23, 2024, 11:39:15 PM

Seems like he is making X his own "payment company" type of thing again. For those who do not know, his first company was X as well, which turned into Paypal, and he sold that company for a lot of money to fund all of this. He is going back to roots again and making X another payment company, meaning that he will work with fiat. If you have been around since his takeover, you will know that people are already making money from it, either from ads or from subscriptions as well, and all of that was paid using fiat and not crypto. I am guessing that he will try to turn it into another paypal, but a better version with "everything app" in his mind.

It does not rule out the possibility that Elon will also integrate cryptocurrency in his latest X application. Regarding finances, of course it will always be related to cryptocurrency, considering that he also mentioned several coin names in his tweet. That means, it could be that existing coins will be integrated, it could also be that he creates new coins as native coins for his platform. All possibilities are still wide open, even though for now we consider X as social media, the possibility of it being transformed into a payment platform could happen.

Maybe this will be the reason for the bullrun and altseason, regarding Elon Musk's big adoption of trying to change world civilization by integrating cryptocurrency on the platform he manages.

Whether it's $DOGE, $MUSK $X or any coin, it will certainly have a global influence on cryptocurrency movements.

Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?

« on: May 30, 2024, 10:26:42 AM »

Quote from: alltalk on May 29, 2024, 10:04:51 PM

Yep. Many people can succeed with this way. This is a realistic way that people who have limited funds to apply. Even with the funds below $50, we can accumulate Bitcoin every month. I think it is not so difficult to spend money around $30-$50 every month. If we can do it consistently in 3-4 years, we can have good number of Bitcoin in our wallets.

Even though it's not as much as rich people have, I'm sure they will experience asset growth due to Bitcoin price movements in that time period. If converted to FIAT, it is certain that people who carry out DCA within a period of 4 years will get profits which may be on average at least more than +60%. You can use this DCA calculator https://cryptodca.io/crypto-dca-calculator/ if you want to know what idea you can get.

Because this is a long-term model, at least those who do DCA must be mentally strong and consistent. Considering that it seems like many people stop in the middle of the road because of several obstacles.

Basic Questions about Cryptos / Re: Invest or bounty?

« on: May 30, 2024, 09:49:52 AM »

Quote from: armanda90 on May 30, 2024, 05:17:37 AM

Agreed, bounty campaign right now totally waste our time only with payment reward too small or most of campaign not paying yet after their campaign have been ended more than one or two months ago.
Some bounties campaign has lower values or become shits coins after distributing make us less chance to get bigger payment from bounty campaign.
For bounty campaign only service signature worth right now with payment using bitcoin in weekly, maybe difference last three or four years ago when bounty campaign payment reach more than $200 to $500 each campaign.

There are still high paying campaigns, but they are very hard to find. Getting big prizes from bounties nowadays is like looking for gems in a pile of rocks. The possibility still exists, but it is very small.

If you compare the payments received from bounty prizes a few years ago, this is really very different. Maybe now the market is starting to decline because the performance of new projects has proven that many have failed in implementing their plans. Investors also don't want to waste their money on stupid things, so there is less and less interest in investing through buying new coins.

Both as an investor and as a bounty, for newly launched projects it really takes time for research. So the best practice is to monitor until there is progress and proof of commitment from the developer to calculate the possibility of the project being successful or not. Again, old projects are more interesting than new projects.

Binance Smart Chain + Ecosystem / Re: BSC is good then the other wallets or not?

« on: May 30, 2024, 09:32:14 AM »

Quote from: Muneeb22 on May 23, 2021, 08:50:10 AM

New projects are almost comes on the BSC wallet or on the TRON wallet becasue of low fee so in future the BSC wallet is good and secure like the ETH or not?

BSC will remain centralized and ETH is different from BSC. We see that transaction fees for the BSC network are indeed more attractive because the transaction process is only managed by certain entities that are trusted by Binance. Meanwhile, ETH does charge a large fee and this is commensurate with its decentralized nature so there will never be interference from a group or individual like there is with BSC.

You need to remember that every good thing you enjoy has a complicated process behind it. You can enjoy transactions on the BSC network with low fees, but you have to accept the fact that your transactions are processed centrally by Binance. Now it depends on your needs, whether you need cheap transactions, or safe transactions.

For both, maybe you will think about moving to another blockchain network like Solana

Cryptocurrency discussions / Re: Old coin or new coin which will be better? 2024

« on: May 30, 2024, 09:24:19 AM »

Quote from: emmybd on May 08, 2024, 06:51:08 AM

Old coins are relatively stable compared to new coins. If one in considering about long term investment then old coins would be a better option. There is also less risk in stable coins compared to new coins.

Stable coins will not provide long-term or short-term profits, because the existence of stable coins is not for investment, but for parking your assets so that it is easy when you want to buy cryptocurrency at the time you want.

Old coins do have good stability, therefore, for those who don't like roller coaster risks, it's a good idea to consider buying old coins such as Ethereum and Bitcoin. Solana could also be considered as a coin with good stability, because recently I saw that Solana's movement was quite satisfactory and remained in the top 10.

New coins are definitely riskier, but that doesn't mean they should be avoided. If you want to test your luck a little with small change in new coins or meme coins, do it without any regrets. New coins also deserve a place as fun in their own right.

Crypto Wallets / Re: Wallet for ETH

« on: May 29, 2024, 05:58:35 AM »

Quote from: MUGNIA on May 26, 2024, 04:13:31 PM

because I know Metamask first, I am more comfortable using the wallet, and the operation is also easier, it can be used on the desktop or mobile website, if Phantom hasn't tried it on a cellphone yet

So you should try it at least once in your life. Phantom on the Google Play Store gets a rating of 4.8 out of 5 (a total of 23.6k people reviewed it) which is very close to perfect. We all know that human habits will always be updated with the presence of new and more interesting applications, Phantom is there to try and it is completely free.

I'm not saying MetaMask is obsolete, but I just suggest you try Phantom to see how it differs from MetaMask and find a wallet that suits you better.

Cryptocurrency Trading / Re: Hold and trade which is best for you?

« on: May 29, 2024, 05:35:19 AM »

Quote from: MUGNIA on May 28, 2024, 03:43:03 PM

Of course, every time is the right time to trade and invest, in my opinion, it's just that the profits you get will definitely be different, where buying during a correction or bearish will be more than buying when the coin is fomo

It doesn't seem to apply to me, considering that trading too often means taking risks too often. I do DCA but when the bearish moment comes, I buy a little extra to maximize profits, if the price goes up, I tend to stop trading and wait for the next bearish wave to buy.

The current moment looks like a bullish pattern, which is why I decided to take a break from my BTC hunting and focus on exiting or taking profits in the next few months. I am still doing DCA to add to my portfolio, because that was a commitment from the start.

Basic Questions about Cryptos / Re: Bounty hunting is a full time job?

« on: May 29, 2024, 05:04:48 AM »

Quote from: libert19 on May 29, 2024, 04:30:45 AM

I'm surprised you mentioned meme coins as way to earn money, IMO, Meme coins are pure gamble, you don't know which one will perform good and which one you are supposed to stay away from.

There are hefty amounts of scam meme coins in market, and new ones enter every day, there are more users who lose the money in meme coins than select few who make money. Trust me, I tried my luck in meme coins too, but the dev rugged.

This is out of context, nonetheless I felt like saying it — even if you come across a right meme coin and make good money from it, good financial knowledge will make you hold these gains otherwise — easy come, easy go, as if you never had huge gains in first place.

If you're hunting for meme coins, it might make a little sense, as long as you don't buy them in large amounts. Hunting can be from participating in bounties, aidrdop or other campaigns that are a little safer, because they don't require as much initial money.

Considering that the current era is very different from the 2016-2018 period, the current bounty cannot be used for full-time work. When the heyday of bounties and airdrops could generate $2000 to $4000 per month, that was enough to meet my living needs. And I use it for full work.

Gambling on meme coins is not the solution to getting a full-time job, and also bounties nowadays cannot be the main job anymore. Keep working like everyone else to meet your needs.